Question

TV Mr. Shah took a loan of Rs 84000 from a bank to buy a house. He paid an amount of 7150/- every month for an year. How much money did he payas interest?​

Answer 1

Answer:

Refer the attachment.

Hope it helps you

Answer 2

$\huge\mathcal\fcolorbox{cyan}{black}{\blue{★Answer♡}} </p><p>$

For the first year,

P=80000,R=10%, T=1

Interest

=

100

P⋅R⋅T

=

100

(80000⋅10⋅1)

=8000

Amount

=Interest+Principle

=80000+8000

=88000

For second-year principle will be the amount of the previous year (since interest is compounded annually).

P=88000,T=0.5,R=10%.

Interest

=

100

P⋅R⋅T

=

100

(88000⋅10⋅0.5)

=4400

Total amount=88000+4400

=Rs. 92400

Hope it will help you