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Jhansi and he...

Question

Jhansi and her sister took a loan of ₹21,000 to buy a log boat. They paid back a total of ₹23,520 in one year. How much did they pay back every month?

A

₹1500

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B

₹1760

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C

₹1840

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D

₹1960

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Solution

The correct option is D ₹1960
Amount of money returned in a year
= ₹ 23520
Number of months in a year = 12

Money she paid each month
= ₹ 23520 ÷ 12
= ₹1960

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