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Question
Akash needs a loan of amount ₹40,000. He pays ₹4,000 extra to the bank. Find the monthly amount that he needs to pay for 11 months?
Akash needs a loan of amount ₹40,000. He pays ₹4,000 extra to the bank. Find the monthly amount that he needs to pay for 11 months?
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Solution
The correct option is B ₹4,000
Loan amount = ₹40,000
Extra amount that Akash paid = ₹4,000
Total amount that Akash paid = ₹44,000
So if we want to find the montly paid amount we need to find ₹44,000 ÷ 11
= ₹4,000
Loan amount = ₹40,000
Extra amount that Akash paid = ₹4,000
Total amount that Akash paid = ₹44,000
So if we want to find the montly paid amount we need to find ₹44,000 ÷ 11
= ₹4,000
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