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rusa25
25.08.2019 •
Mathematics
Ankush wanted to purchase a lcd(tv) and went to a showroom.he found that lcd with marked price of rs.30,000/-,is avaible with cash payment along with 5% discount or rs.5000 as cash down payment followed by 3 equal monthly installments with interest at the rate of 10% per month.find the difference in amount payable under the two schemes.
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Ответ:
Cash payment along with a discount of 5% .
From discount % to pay = 100% - 5% = 95%
Hence pay 95% of the the price = 95% * 30000 = 0.95 * 30000 = 28500
Use a calculator.
1st payment method = Rs 28500
2) 2nd payment method:
Rs 5000 down payment : 30 000 - 5000 = 25 000
So the remaining 25000 would be paid in three equal monthly installments
At 10% per month interest:
10% of 25 000 = 2500
For the three months = 3 * 2500 = 7500
So the 25000 will be paid plus the monthly interests = 25000 + 7500 = 32500
Plus also the initial down payment of the 5000 = 32500 + 5000 = 37500
Amount payable in first scheme: 28500
Amount payable in the second scheme: 37500
Difference = 37 500 - 28 500 = 9 000
Difference = Rs.9 000
I hope this helps.
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