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Answered by
21
Answer:
Given:
→ A juicer is available for rupees 3500 cash but was sold under instalment plan, where the purchaser agreed to pay rupees 1500 cash down and 3 equal quarterly instalments, If the dealer charges interest at 12% p.a compounded quarterly.
Find:
→ Find the amount of cach instalment to the nearest rupee.
Calculations:
→ Let "x" be the balance cash to be paid.
→
→
We know that:
→ Dealer charges interest at 12℅ p.a quarterly.
→
→
Therefore, 2000 is the amount of cach instalment to the nearest rupee.
Answered by
36
Answer:
Installment = 3500 - 1500
Therefore ,
Installment = 2000 .
Step-by-step explanation:
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