Question
A man took a loan of ₹ 12,000. He paid an interest of ₹ 3,100. What is the total amount that he paid back?
A man took a loan of ₹ 12,000. He paid an interest of ₹ 3,100. What is the total amount that he paid back?
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Solution
The correct option is D ₹ 15,100
Loan amount = ₹12,000
Amount paid = ?
The total interest paid = ₹ 3,100
The total interest paid = Amount paid - Loan amount
₹ 3,100 = Amount paid - ₹ 12,000
Amount paid = ₹ 15,100
Loan amount = ₹12,000
Amount paid = ?
The total interest paid = ₹ 3,100
The total interest paid = Amount paid - Loan amount
₹ 3,100 = Amount paid - ₹ 12,000
Amount paid = ₹ 15,100
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