12. A scooter is advertised at 24,000. If Jaya pays a deposit of 6000 and then borrows the remainder
at 12% p.a. simple interest over 3 years, what are her monthly repayments?
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Step-by-step explanation:
Time = 2 years,
Rate % = 4 %
=125=26→Installment25→Amount125=26→Installment25→Amount
Amount InstallmentAmount Installment
1styear→25×26 : 26×261styear→25×26 : 26×26
2ndyear→625 6762ndyear→625 676
NOTE:NOTE: Installment is same in both cases.Hence equal the installment.
Hence after that new ratio,

According to the question,
676 units = Rs. 16224
1 unit = 24
1275 units = 24×127524×1275
= Rs. 30600
Total amount = Rs. (30600+16224)(30600+16224) = Rs. 46824
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