Question

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?

• A. 24000

Answer 1

The correct option is A 24000
Amount paid monthly = ₹ 1000

1 year has 12 months.
So, 2 years will have 24 months.

$\text{Amount paid for 2 years}=24\times ₹1000=₹24000$

$\therefore$ Rani paid ₹ 24000 to the bank for 2 years.