Question

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?

Answer 1

₹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