Question

Rajni took a loan of ₹2000 from the bank. She paid ₹100 per month for 2 years. Find the extra amount that she paid to the bank?

• A. ₹200
• B. ₹300
• C. ₹400
• D. ₹600

Answer 1

The correct option is C ₹400

Amount paid monthly = ₹100
1 year has 12 months.
So, 2 years will have 24 months.

$\text{Amount paid for 2 years}=24\times ₹100=₹2400$

$\therefore$ Rajni paid ₹2400 to the bank for 2 years.
Since she took ₹2000 so extra money that she paid is
= ₹2400 - ₹2000
= ₹400