If the bank charges simple interest at the rate of 10% per annum,

Directions: Study the graph carefully to answer the following question.

Rohan wants to pursue his MBA from the Indian Institute of Management, Ahmedabad (IIM-A), but to afford it, he needs to take an education loan. The loan agreement guarantees to cover 80% of all his expenses, while he has to bear the remaining costs.

As soon as he reaches Ahmedabad, he has to pay rent for his new accommodation. The rent is ₹9,000 per month. He then pays his tuition fee for the current term, which is ₹2,17,500. On average, he spends ₹12,000 per month on food and other essentials.

Given that Rohan's MBA course lasts for two years (with two terms per year) and the bank disburses 80% of the total expenses of two years at the beginning of his course, answer the following questions:

If the bank charges simple interest at the rate of 10% per annum, then find the total interest amount that Rohan paid after 2 years (assuming he repays the entire loan after completing the course).

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