Question

Cost of a Mobile Rs.8000. Sudha bought Mobile in EMI. She paid a Down payment of Rs. 2000 and paid rest in 6 equal installments of Rs.1020 for next 6 months. Then what is the SI rate charged? ​

Answer 1

Step-by-step explanation:

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Answer 2

sp=8000

EMI =2000

remaining balance 6000

per month=₹1020X6=6120

remaining balance -per month balance

=₹120

si=₹20 per month

PxRxT/100=4% answer

hope it helps you