A good natured shopkeeper offers A colour TV set worth 45000
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According to me the price of the tv set =Rs.45000
The down payment would be Rs.5000
45000-5000=Rs.40000
Accumuled amount =40000×(1.05)^(10/12)
=41659.85
Thus,interest would be =41659.85-40000=1659.85
The down payment would be Rs.5000
45000-5000=Rs.40000
Accumuled amount =40000×(1.05)^(10/12)
=41659.85
Thus,interest would be =41659.85-40000=1659.85
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