Price of a TV purchased is ₹12000. ₹1000 is paid and rest is paid in monthly installment of ₹2300 for 5 months. Calculate the rate of intrest charged.
Asked by pratimasachan312
| 18th Jan, 2022,
08:31: PM
Expert Answer:
Total cost = ₹12000
Paid = ₹1000
Pending = ₹11000
1 month installment = ₹2300
5 month = ₹11500
Interest = 11500 - 11000 = ₹500
Answered by Arun
| 19th Jan, 2022,
11:31: AM
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