Question

Gracy took a loans of $RS.4000$ to buy a net. She paid back $RS.345$ every month for one year. How much did she pay back to the bank?

Answer 1

Loan amount$=Rs.4000/-$

EMI$=Rs.345/-$

No of months in a year$=12$

Total amount paid to bank$=345\times 12=Rs.4140/-$