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Loan and Rent

Match the fol...

Question

Match the following repayment amounts with their interests for the loan of ₹1000.

A

₹ 100

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B

₹ 50

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C

₹ 200

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D

₹ 150

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Solution

The amount of extra money that is paid while repaying a loan is known as interest.
Here, the amount of loan recieved is ₹1000.
So,
If the repayment = ₹ 1100, then
interest = ₹ 1100 - ₹ 1000 = ₹100.

If the repayment = ₹ 1050, then
interest = ₹ 1050 - ₹ 1000 = ₹50.

If the repayment = ₹1200, then
interest = ₹1200 - ₹1000 = ₹ 200.

If the repayment = ₹ 1150, then
interest = ₹ 1150 - ₹ 1000 = ₹ 150.

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