Question

Shyam bought a refrigerator for Rs. 5000. He paid `1/10` of the price in cash and the rest in 12 equal monthly instalments. How much had he to pay each month?

Answer 1

Total amount of the refrigerator = Rs 5000

Amount paid in cash = `1/10` of Rs. 5000

`= 1/10 xx 5000` = Rs. 500

Balance amount = Rs. 5000 - Rs. 500

= Rs. 4500

No.of equally instalments = 12

∴ Amount of each instalment

=  Rs. 4500 ÷ 12 = Rs. `4500 xx 1/12`

= Rs. 375