Question

Lalita pays her son's fee quarterly.If the amount paid by her at one time is 18,800,calculate the fees for 1 month and for 12 months.​

Answer 1

Given:

Fees paid quarterly

Quarterly Sum = 18,800

One quarter of a year = 12/4 = 3 months

So, Sum for three months = 18,800

∴ Sum for 3 months = 18,800

Sum for 1 month = 18,800/3

= 6266.6

Now, sum for 12 months = Sum for one month * 12

= 6266.66667 * 12

75200

So, fee for one month is 6266.6 and fee for 12 months is 75200

Hope this Helped!

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