Question

A housing company quoted rs.1920000 for a new flat in one of their buildings .the company that sells the house offers to sell the house at an initial payment of rs. 480000
And pay the balance amount after 5 years with an interest at the rate of (9 and a half)% per year.find the total amount paid for the flat by the buyer.

Answer 1

Answer:

option A : 1920000-480000 = 1440000

Interest = 1440000* 19/2 * 5/100

= 6,84000

Total = 480000+1440000+684000

= 2604000

option B : 480000+(60*31200)

= 2352000

So, option B is cheaper by 252000.

Step-by-step explanation:

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