A radio is available for Rs.2500cash or Rs.1000 cash down payment along with two equal annual instalments of Rs.800 each,then the total interest charged is?Please help me
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Two installment amount=1600
(+)downpayment=1000
=2600 total paid
And in cash it is of 2500
So interest charged =2600-2500
=100
(+)downpayment=1000
=2600 total paid
And in cash it is of 2500
So interest charged =2600-2500
=100
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