Question

Rekhaben took a loan of Rs 4500 to buy a hand-cart. She paid bank Rs 400 every month for one year.How much money did she pay as interest?

Answer 1

Step-by-step explanation:

Principal = ₹4500

Amount paid by her=400×12

=4800

So Interest can be given as

I= A-P

I= 4800-4500

=₹300

Answer 2

SOLUTION

GIVEN

Rekhaben took a loan of Rs 4500 to buy a hand-cart.

She paid bank Rs 400 every month for one year.

TO DETERMINE

The amount of money she paid as interest

EVALUATION

Here it is given that ,

Rekhaben took a loan of Rs. 4500 to buy a hand-cart.

She paid bank Rs. 400 every month for one year.

Amount Rekhaben paid bank for one year

= 12 × Rs. 400

= Rs. 4800

Hence the required amount of money she paid as interest

= Rs. 4800 - Rs. 4500

= Rs. 300

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