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 ​

Respuesta :

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

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