Seema took a loan of Rs.8596 from the bank.She pays back Rs.9286 to the bank.What amount did she pay back as interest to the bank?Seema was able to repay the loan in 2 months and she paid equal amounts in 2 months. What amount did she pay in a month?
Answers
Answer:
Seema took a loan of Rs 8596.
She pays back Rs 9286 to the bank
She paid the amount in 2 months and paid equal about in 2 months.
To Find:
Find the interest she paid to the bank and the amount she paid in a month.
Solution:
Seema took a loan of RS 8596
She pays back Rs 9286
Amount she paid as interest = 9286-8596= Rs 690
Simple interest = S.I=\frac{(P)(r)(t)}{100}
P = Rs 8596
r ?
t= 2 months
S.I = Rs 690
690= \frac{8596(r)(1)}{6(100)}
r = 48%
Amount paid in both the month is same.
total amount paid as an interest = 690.
Total amount paid = Rs 9286
Amount paid in 1 month = half of 9286
= Rs 4643
Amount she paid as interest = Rs 690
Amount she paid in 1 month = Rs 4643
Answer:
Seema took a loan of RS 8596
She pays back Rs 9286
Amount she paid as interest = 9286-8596= Rs 690
Simple interest =
P = Rs 8596
r ?
t= 2 months
S.I = Rs 690
r = 48%
Amount paid in both the month is same.
total amount paid as an interest = 690.
Total amount paid = Rs 9286
Amount paid in 1 month = half of 9286
= Rs 4643
Amount she paid as interest = Rs 690
Amount she paid in 1 month = Rs 4643
Step-by-step explanation: