Raghav borrowed rs 4500 from a bank at 15 percent per annum on 15 July, 2009.what amount of money will raghav pay to the bank on 26 September 2011 to clear his dues?
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₹4,500+(15%×3)=4,500×15÷100
=67,500÷100=675×3=2025+4,500=6,525
so ₹6,525 is the total amount of money he has to give to bank
6,525÷3=2,175
so ₹2,175 is the total amount he has to give to bank per year
6,525÷(12×3)
=6,525÷36=181.25
so ₹181.25 is the total amount he has to give to bank per month
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