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Q 4 (B) Sita took a loan of Rs. 40,000 to buy a boat from the bank. She paid back Rs. 345 every month for one year. How much money did she pay back the bank? ( 2 marks)

Answer: Sita paid back to bank for 1 year i.e. 12 months after which she stopped paying money.

Now She paid per month Rs 345 ------ 1 month

Therefore ? Rs ------12 months

Cross multiply and you get ? x 1 = 345 x 12

Therefore sita paid = 345 x 12 = 4140 Rs. in a year