Nithya borrowed 12000 rupees from a bank. She repays 825 rupees every month for a year. How much money does she repay at the end of a year?
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SOLUTION
GIVEN
- Nithya borrowed 12000 rupees from a bank.
- She repays 825 rupees every month for a year.
TO DETERMINE
The money does she repay at the end of a year?
EVALUATION
Here it is given that Nithya borrowed 12000 rupees from a bank.
She repays 825 rupees every month for a year.
So Nithya paid total amount in the year
= Rs ( 825 × 12 )
= Rs 9,900
So the required amount of money she has to repay at the end of a year
= Rs 12000 - 9900
= Rs 2,100
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