suman borrowed rs.60,000 at 10% s.i. she lets out and receives rs.1500 p.m in how many years will she clear debt?

• change rs.1500 p.m to p.a it will become
  1500*12= 18000rs
  then by simple formula
  s.i= (p*r*t)/100
  si= 18000
  p=60,000
  r= 10%
  ans= 3 yrs
• 12 years agoHelpfull: Yes(13) No(8)
• sorry for the last solution. new solution is
  10% of 60,000 is 6000 yearly then per month is 500 that means she is paying 18000 yearly.
  she is paying 1500 p.m 500rs of interest and 1000 of pricipal.
  then yearly pricipal amount she gave in one year 1000*12= 12000
  60,000 will be given in 60,000/12000= 5 yr
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• ans is 5 yr
  
• 12 years agoHelpfull: Yes(3) No(3)
• S.I = 60,000 * 10 /100
  = Rs. 6000
  Rent received = 1500 * 12
  = 18000
  Therefore debt cleared in one year = 18000 - 6000
  =12000
  Therefore in 5 years.
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