Question

Devi borrowed ₹69,500 from the bank and she returns ₹6500 every month. After 1 year, she paid back ₹ as interest.

Answer 1

Loan amount = ₹69,500
Amount paid back in each month = ₹6500
Total amount paid back = ₹6500 $\times$ 12 = ₹78,000
Thus, Interest paid by Devi = ₹78,000 - ₹69,500 = ₹69,500