Question

seema took a loan of rs 8596 from the bank she pays rs 9286 . 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 amount in 2 months what amount did she in a month

Answer 1

Given:

(i) seema took a loan of rs 8596 from the bank she pays rs 9286 .

(ii) seema was able to repay the loan in 2 months and she paid equal amount in 2 months

To find:

(i) Amount paid as interest.

(ii) Amount paid in a month

Solution:

Given, the money borrowed = Rs 8596

Amount payed back = Rs 9286

So, Interest amount = Amount - Money borrowed

= Rs (9286-8596)

= Rs 690

So, she paid Rs 690 as the interest amount.

Seema paid Rs 9286 in 2 months.

She paid it equally in each month.

So, money paid in a month = Rs 9286/2

= Rs 4643

Interest value = Rs 690

Money repayed in a month = Rs 4643.

Answer 2

Given :

The loan amount from bank = A = Rs 8596

The Total Amount paid back = P = Rs 9286

The time period for repay equal amount of loan = t = 2 months

To Find :

The amount repay in each month

Solution :

∵ Interest = Amount - Principal

               = A - P

               = Rs 9286 - Rs 8596

              = Rs 690

The total interest amount paid = Rs 690

Again

The amount paid in two equal amount

∵ For 2 months amount paid = Rs 9286

∴  For 1 month amount paid = $\dfrac{9286}{2}$

                                             = Rs 4643

Hence, The interest amount for two months is Rs 690

And The amount did Seema paid in a months is Rs 4643  Answer