Gracy needs money to buy a net. Jhansi and her sister want to buy a log boat. So they take a loan from their bank. They will return it with interest.
a) Gracy took a loan of Rs 4000 to buy a net. She paid back Rs 345 every month for one year. How much money did she pay back to the Bank?
b) Jhansi and her sister took a loan of Rs 21,000 to buy a log boat. They paid back a total of Rs 23,520 in one year. How much did they pay back every month?

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Answers

2015-05-22T19:41:59+05:30
1. She paid the bank $4140
2. They paid $1960 every month
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