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?
Please tell it fast. Need it very soon.
Answers
Given :
The loan amount taken = P = Rs 8596
The amount paid back to bank = A = Rs 9286
Seema was able to repay the loan in 2 months and she paid equal amounts in 2 months
To Find :
( a ) The amount that Seema paid back as interest to the bank
( b ) What amount did Seema paid in a month
Solution :
( a )
∵ Interest = Amount - Principal
Or, = A - P
Or, = Rs 9286 - Rs 8596
∴ Interest = Rs 690
( b )
Seema paid the money in 2 months
∵ In 2 months , the amount of money paid to bank = Rs 9286
∴ In 1 month , the amount of money paid to bank = Rs
= Rs 4643
Amount paid in a month = Rs 4649
Hence,
( a ) The amount that Seema paid back as interest to the bank is Rs 690
( b ) The amount did Seema paid in a month is Rs 4649
Answer
Step-by-step explanation:
Given 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?
- Given Seema took a loan of Rs 8596 from the bank.
- According to tve question she pays back Rs 9286
- Therefore amount she paid will be 9286 – 8596
- = Rs 690
- Simple interest = S.I = P x R x T / 100
- 690 = 8596 x r x 1 / 6 x 100 since principal = 8596, t = 2 months, S.I = 690
- 690 = 8596 x r / 600
- So r = 48%
- Total amount paid as interest is Rs 690
- Total amount paid will be Rs 9286
- Therefore amount paid in 1 month will be 9286 / 2
- Rs 4643
- Therefore interest paid will be Rs 690
- So she paid in month will be Rs 4643
Reference link will be
https://brainly.in/question/16500531