Question

15. Shyam bought a refrigerator for 5,000. He paid of the price in cash and the rest
in 12 equal monthly instalments. How much had he to pay each month?
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Answer 1

★ Correct Question ★

Shyam bought a refrigerator for 5,000. He paid 1/10 of the price in cash and the rest in 12 equal monthly instalments. How much had he to pay each month ?

Given:

• Price of refrigerator is Rs 5000
• He paid 1/10 of price of refrigerator in cash.
• He paid rest of price of refrigerator in 12 equal monthly instalments.

To Find:

• How much had he to pay each month?

Solution: Amount paid in cash by Shyam = 1/10 of price of refrigerator.

$\implies{\rm }$ Amount paid in cash = 1/10 $\times$ 5000

$\implies{\rm }$ Amount paid in cash = Rs 500

• He paid Rs 500 in cash to shopkeeper but still he need to pay =

• Total price of refrigerator – Amount paid in cash

$\implies{\rm }$ Remaining money to pay = Rs (5000 – 500) = Rs 4500

• Number of monthly equal instalments is 12 •

Therefore, Amount of each instalment =

• Remaining money to pay / Number of instalments

$\implies{\rm }$ Amount of each instalment = 4500/12

$\implies{\rm }$ Rs 375

Hence, Shyam had to pay Rs 375 per month.