Question
Say what is the principal, the interest and the period in each of the following examples:
(1) Rehmanbhai borrowed Rs 25,000 from a bank. After 3 years, he returned Rs 32,500 to the bank which included both the loan and the interest.
(2) Maniben took a loan of Rs 8000 from the Women's Co-operative Society and returned an amount of Rs 8480 to the society after six months.
(3) Manoharpant borrowed Rs 6,00,000 from a national bank to buy a house. After five years, he paid back his entire debt by returning an amount of Rs 8,40,000 to the bank.