Arun buys a scooter for ₹44000. He pays ₹ 8000 in cash and agrees to pay the balance in annual instalments of ₹ 4000 each plus 10% interest on the unpaid amount. How much did he pay for it ?

Arun buys a scooter for ₹44000. He pays ₹ 8000 in cash and agrees

1.	Arun buys a scooter for ₹44000. He pays ₹ 8000 in cash and agrees to pay the balance in annual instalments of ₹ 4000 each plus 10% interest on the unpaid amount. How much did he pay for it ?
Answer» Correct Answer - ₹ 62000 Total cost = ₹ 44000. parid in cash = ₹ 8000.Balance = ₹ 36000 Amount of each instalment = ₹ 4000 Number of instalment= ` 36000 div 4000 = 9` 1st instalment =` ₹ ( 4000 + 36000 xx 10/100 xx1) = ₹ 7600` 2nd instalment = ` ₹ ( 4000 + 32000 xx 10/100 xx1) = ₹ 7200` 3rd instalment = ` ₹ ( 4000 + 28000 xx 10/100 xx1) = ₹ 6800` ,and so on. Totaol payment = ₹ { 8000 + ( 7600 + 7200 = 6800 + ......to 0 terms)} ` = ₹ { 8000 + 9/2 ( 15200 +8xx (-400)}} = ₹ 62000.`