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Vikas took a loan of rupees …

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Vikas took a loan of rupees 21,000 a bank to buy a boat.He paid rupees 22,560 in one year. How much did he pay every month? How much interest did he pay?
  • 5 answers

Babita Devi 5 years, 1 month ago

Hsbs

Here Ashwin Govindan 5 years, 1 month ago

130

Yogita Ingle 5 years, 1 month ago

The amount of log boat = 21000
He paid back = 22,560
therefore he paid along with interest
 interest for one year = 22560 - 21000 = 1560
so, for monthly he paid = 1560 divided by 12
                                      = Rs. 130

Everything Here 5 years, 1 month ago

1 year he paid =22,560 Total month =12 Each month =22,560 /12 =1880 Loan taken =21,000 Total month =12 Each month =21,000 /12 =1750 Intrest.=1880 - 1750 =130

Everything Here 5 years, 1 month ago

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