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Loan and Rent

Sheela took a...

Question

Sheela took a loan of ₹7000 from the bank. She paid ₹1200 each month for 6 months. How much does she pay back in 6 months?

A

₹200

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B

₹7200

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C

₹7000

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D

₹6200

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Solution

The correct option is B ₹7200
Payment per month $= 1200$
Payment for six months $= 6 \times$ Payment per month
$= 6 \times 1200 = 7200$

$∴$ Sheela paid back ₹7200 to the bank.

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