Mr Sharma buys a car and pays for it in 96 instalments. Each instalment
is 5384. If he has paid 20 instalments, what is the amount of money
he still has to pay?
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Question:
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Mr Sharma buys a car and pays for it in 96 instalments. Each instalment is 5384. If he has paid 20 instalments, what is the amount of money he still has to pay?
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Answer:
Given:
✴️ Number of total Installments = 96
✴️ number of installments paid = 20
✴️ each installment is of 5384.
To find :
◼️ total amount of money = number of total installment × cost of each installment
➡️ 96 × 5384
➡️ 516864
◼️ amount paid till now = number of installments paid× cost of each installment
➡️ 20×5384
➡️ 107680
◼️ amount remain to pay = total amount - amount paid till now
➡️ 516864 - 107680
➡️ 409184
hope it helps you
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