Question

one fourth of the total cost of the house was paid and the time of booking the remaining amount is to be paid in 4 installments the total cost of the house is 24 lakh what will be the amount paid in each installment​

Answer 1

Answer:

4.5 lakhs.

Step-by-step explanation:

One-fourth of the total cost has been paid during the time of booking.

Since total cost of house is 24 lakhs, the amount paid during booking is one-fourth of 24 lakhs.

Amount paid during booking = 24 lakhs ÷ 4 = 6 lakhs.

So 6 lakh has been already paid.

So 18 lakh needs to be paid as four installments.

So amount to be paid in each installment = 18 lakhs ÷ 4 = 4.5 lakhs.