Question

A bank gives a woman personal loan of 120,000. she has to pay back 11,000 every month for a year. find the amount paid back to the bank as interest. pls h help ​

Answer 1

Multiply the amount she pays a month by number of months in a year:

11,000 x 12 = 132,000

Subtract the total amount she pays back by the loan amount:

132,000 - 120,000 = 12,000

The interest was $12,000