1.

The cost of a computer is20,000. The company offers it in 36 months, butcharges 10% interest. Find the monthly instalment the purchaser has to pay.

Answer»

Cost of computer=₹20000Interest=₹(10/100)*20000=₹2000Total cost of computer=₹20000+₹2000=₹22000

Total months of installments=36Installment per month=₹22000/36=₹611.1

this is not a correct answer



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