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Amount paid by Rahul in cash
Balance amount to be paid in installments = Rs 120000 – Rs 60000 = Rs 60000
Amount of each installment = Rs 5000
Amount of first installment
= Rs 5000 + Interest paid on unpaid amount Rs 60000
Amount of second installment
= Rs 5000 + Interest on unpaid amount of Rs 55000
Amount of third installment
= Rs 5000 + Interest on unpaid amount of Rs 50000
Rs 12200, Rs 11600, Rs 11000,..... forms an A.P.
First term = Rs 12200
Common difference = Rs 11600 – Rs 12200 = – Rs 600
Total cost of the shop
= Rs 60000 + Sum of 12 installments
= Rs 60000 + Rs 6 (24400 – 6600)
= Rs 60000 + Rs 106800
= Rs 166800
Thus, the total cost of the shop is Rs 166800.
Balance amount to be paid in installments = Rs 120000 – Rs 60000 = Rs 60000
Amount of each installment = Rs 5000
Amount of first installment
= Rs 5000 + Interest paid on unpaid amount Rs 60000
Amount of second installment
= Rs 5000 + Interest on unpaid amount of Rs 55000
Amount of third installment
= Rs 5000 + Interest on unpaid amount of Rs 50000
Rs 12200, Rs 11600, Rs 11000,..... forms an A.P.
First term = Rs 12200
Common difference = Rs 11600 – Rs 12200 = – Rs 600
Total cost of the shop
= Rs 60000 + Sum of 12 installments
= Rs 60000 + Rs 6 (24400 – 6600)
= Rs 60000 + Rs 106800
= Rs 166800
Thus, the total cost of the shop is Rs 166800.
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