CameraIcon

SearchIcon

MyQuestionIcon

3

You visited us 3 times! Enjoying our articles? Unlock Full Access!

Loan and Rent

In 2018, my f...

Question

In 2018, my father took a loan of ₹20,000 from a bank. He paid ₹1,800 each month for one year. How much did he repay totally to the bank?

A

₹20.000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

₹1,800

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

₹21,400

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

₹21,600

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D ₹21,600
Loan amount $= ₹ 20, 000$
Monthly payment $= ₹ 1, 800$
Number of months $= 12$
Total amount repaid $= 12 \times ₹ 1800 = ₹ 21, 600$

Suggest Corrections

thumbs-up

0

Similar questions

Q. Rani took a loan of ₹20,000 from the bank. She paid ₹1000 per month for 2 years. How much did she pay totally?

Q. A man took a loan from the bank to buy a laptop. He paid back ₹ 4000 per month for an year. If the total interest paid by him is ₹8,000, how much loan did he take from the bank?

Q. A man took a loan of ₹ 33,000 to buy a mobile phone. He paid back ₹ 3,000 every month for one year. How much interest
(in ₹) did he paid back to the bank?

Q. Alex took a loan of ₹4000. He paid ₹400 per month for a year to pay back the loan. How much extra money did he pay the bank (in Rupees)?

Q. Rani took a loan of ₹ 20,000 from the bank. She paid ₹ 1000 per month for 2 years. Enter the amount she paid totally in rupees?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Loan and Rent

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Standard IV Mathematics

Join BYJU'S Learning Program

CrossIcon