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The Prime Minister and Council

Hariya took a...

Question

Hariya took a loan to build his house. He has to pay back Rs 275 every month for twelve years. How much will he pay back in 12 years?

A

₹39600

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B

₹61500

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C

₹25000

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D

₹42500

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Solution

The correct option is A ₹39600
Haraiya has to pay back every month for 12 years, therefore, the number of months he has to pay is 12 x 12 = 144.
The total amount he has to pay back will be ₹275 x 144.

Therefore, the total amount Haraiya pays back is ₹39600.

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