Question

PAGE 1
DATE
ketan purchased a selend hand motorbike
with initial payment of Rs 20,000/- and
8 monthly instaliments
of B 5,000/-
each ich the seller wishes to get 12%
comperind interest Pia. Yind the pozice
the
bike ​

Answer 1

initial payment = 20,000/-

8 monthly instalments = 5,000/-

= 12%