Raghav took a loan of Rs 40,000 and paid back Rs 42,180 in one year. How much money did he pay back in every month? *
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Answer:
Given:-
He took a loan of Rs 40000
He returned Rs 42180 after an year
Step By Step Explanation:
that is 42180-40000=2180
his Interest for the loan was Rs 2180
An year has 12 months
that is
the amount he has to pay a month is
42180/12=3515
it includes the money he took for loan
that is he has to return Rs 3515 per year
but if it's 2180/12
then answer is Rs 181.67
but it's only the interest
hope it helps
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