Question

I want steps for this problem

Answer 1

principle amount P = Rs 850
rate of interest per month = 2%
total amount paid A = principle+ interest = Rs 1360
Interest I = A-P
I = 1360 - 850 = 510
I = PTR /100
T = 100× I/ P× R
= 100× 510 / 850×2
= 51000 / 1700
T = 30
So the potter took 30 months to repay the loan