Question

Harish bought a car for rupees 750000 .he paid 1/5 of the price in cash and the rest in 12 equal monthly instalments. How much did he have to pay each month ?
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Answer 1

Answer:

Ravi paid Rs. 50,000 each month for 12 months.

Step-by-step explanation:

Harish bought a car for Rs. 7,50,000

He paid 1/5 of the price in cash

Remaining payable = $(1 - \frac{1}{5} )$ of the price = $\frac{4}{5}$ of the price

He paid this remaining payable in 12 EMIs.

Each EMI was $\frac{4}{5}$ . $\frac{1}{12}$ of Rs. 7,50,000 = $\frac{1}{15}$ of Rs. 7,50,000 = Rs. 50,000