Question

Subodh buy refrigerator rupees 16000 on credit. The rate of interest for first year is 8% and 10% in second year. How much will it cost him if he pays the amount after 2 years?
​

Answer 1

Answer:

given cost of fridge is RS16000 and GST is 10%[tax that must be paid extra]

as we need to pay extra 10% the total amount he need to pay is

16000+ 10% of %16000

16000+

100

10

×16000=16000+1600=17600

total 17600RS he must pay in order to buy the fridge