Question

Practice time
Gracy needs money to buy a net. Jhansi and her sister want
buy a log boat. So they take a loan from their bank. They wm
return it with interest
a) Gracy took a loan of Rs 4000 to buy a net. She paid back
Rs 345 every month for one year. How much money did she
pay back to the Bank?​

Answer 1

Step-by-step explanation:

Amount paid by Gracy in every month= Rs. 345

Amount paid in a year = 345 x 12 = 4140 B) Amount paid in a month = 23520 x 12 = 1960