Question

Kumar bought a transistor for 960rs he paid 12 whole number 1/2% cash money the rest he agreed to pay in 12 equal monthly installments. how much will he pay each month.​

Answer 1

Answer:

by calculating the interest

Answer 2

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Price of transistor = Rs.960

Amount paid in cash = 12.1/2% of  Rs. 960

= 25/(2 × 100) × 960

= Rs. 120

Balance amount = Rs 960 – Rs. 120

=  Rs. 840  

No. of instalments = 12

∴  Amount of each installment = Rs 840  ÷ 12

 = Rs. 70