Question

Rohit decides to pay 24EMIs of 5%of interest for buying the new model of iphone. he will be paying?​

Answer 1

Given :- Rohit decides to pay 24EMIs of 5%of interest for buying the new model of iphone. he will be paying ?

Answer :-

Since rohit bought the mobile at 5% interest which he has to pay in 24 EMIs .

so,

→ Amount rohit has to pay = 24 EMI with 5 interest = which includes = Price of iphone + 5% interest in 24 EMIs .

therefore, Rohit has to pay Both the price of the iphone and 5% interest in 24 EMIs .

Hence, Option (C) is correct answer.

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Answer 2

Given  : Rohit decides to pay 24EMIs of 5%of interest for buying the new model  phone.

To Find :  he will be paying  

Solution:

EMI is equated monthly inst allment

Each inst allment has two amount Principle and  interest

and over all both are paid in time completely

Hence he will be paying  :

Both the price of the Phone and 5 % interest in 24 EMI

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