1

Question

Rashi paid ₹1500 per month for 18 months to the bank. She paid ₹3000 extra to the bank. Find the loan amount that she took from the bank.

Open in App

Solution

The correct option is **C** ₹24000

Amount paid monthly = ₹1500

Total amount paid in 18 months = ₹1500 x 18

we can multiply 15 and 18 first then add two zeros at the end.

×1051010×10=10010×5=50810×8=808×5=40

By adding all the individual multiples and adding two zeros at the end we will get the total amount

= 100+50+80+40

= ₹270

Adding two zeros will make it ₹27000

∴ Rajni paid ₹27000 to the bank for 18 months.

Since she paid ₹3000 extra money so the loan amount is

= ₹27000 - ₹3000

= ₹24000

Amount paid monthly = ₹1500

Total amount paid in 18 months = ₹1500 x 18

we can multiply 15 and 18 first then add two zeros at the end.

×1051010×10=10010×5=50810×8=808×5=40

By adding all the individual multiples and adding two zeros at the end we will get the total amount

= 100+50+80+40

= ₹270

Adding two zeros will make it ₹27000

∴ Rajni paid ₹27000 to the bank for 18 months.

Since she paid ₹3000 extra money so the loan amount is

= ₹27000 - ₹3000

= ₹24000

2

View More

Join BYJU'S Learning Program

Join BYJU'S Learning Program