Simran takes a loan of ₹33,84,000 for her new house. She repays it to her friend in equal parts over 12 years. How much did she pay every month?
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Given:
- The amount of money Simran takes a loan for = ₹33,84,000
- Time taken for her to repay the amount to her friend in equal parts = 12 years
To find:
The amount of money she paid every month.
Answer:
Therefore, Simran paid ₹23,500 every month.
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