Question

Rohit bought a cycle for Rs. 4500.he paid Rs 2500 at once and promised to pay the balance after 6 month with20% per album interest. find the interest paid and amount paid after 6months

Answer 1

2000+2400=4400 after 6 month rahit has to pay 4400..as 20% monthly interest for 6 month on 2000{4500-2500=2000)