Question

Kumar bought a transistor for Rs. 960. He paid 12 % cash money. The rest he agreed to pay in 12 equal monthly instalments. How much will he pay each month?

Answer 1

Price of transistor = Rs. 960

Amount paid in cash = `12 1/2%` of Rs. 960

`= 25/(2 xx 100) xx 960` = Rs. 120

Balance amount = Rs. 960 - Rs. 120

Rs. 840

No. of instalments = 12

∴ Amount of each instalment = Rs. 840 ÷ 12 = Rs. 70