Question

Shanti took a loan of 30000Rs from a bank for a year and paid back it in 12 equal instalment of 3000Rs each.what is the interest paid by her.

Answer 1

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➣ Shanti took a loan of 30000Rs from a bank for a year and paid back it in 12 equal instalment of 3000Rs each.what is the interest paid by her.

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➢ The intrest paid by her is 6000

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❏ Aᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ɢɪᴠᴇɴ ϙᴜᴇsᴛɪᴏɴ

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➨ The loan taken = 30,000

➨ Time = 1 year

➨ Paid back is 12 equal installments of Rs. 3000 each

➨ Total amount paid back = 36,000

➨ ∴ The amount of interest paid by her = 36,000 - 30,000

➨ 6000

Hence, the amount paid by her is 6000

Answer 2

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Shanti took a loan of 30000Rs from a bank for a year and paid back it in 12 equal instalment of 3000Rs each.what is the interest paid by her.

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$\Huge{\gray{\underline{\textsf{Answer\::-}}}}$

$\large{\red{\underline{\tt{Given\::-}}}}$

• The loan taken = 30,000

• Time = 1 year

• Paid back it in 12 equal installments of Rs. 3000 each.

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• The intrest paid by her.

$\large{\red{\underline{\tt{Solution\::-}}}}$

Total amount paid back = 3000 × 12 ( We know that the 1 year = 12 months )

$\dashrightarrow$ 36,000

Therefore,

The amount of intrest paid by her = Total amount - The loan taken

$\dashrightarrow$ 36,000 - 30,000

$\dashrightarrow$ 6000

The intrest paid by shanti is 6000.

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