A television is available rs.7500 cash or rs.3000 cash down payment followed by five equal monthly nstalments of Rs. 1000 each. Find the rate of interest per annum charged under the instalment plan.
Answers
Answered by
6
I=p x r x t
500=4500 × r/100 × 5/12
500=45×5/12×r
500=225/12×r
500÷225/12=r
60=r
Therefore rate is 60%
500=4500 × r/100 × 5/12
500=45×5/12×r
500=225/12×r
500÷225/12=r
60=r
Therefore rate is 60%
abhilashshandil:
Mai samjha nahi thora explane kar do
Similar questions