Question
Wed February 27, 2013 By: Rajarshi Basu
 

Raghav buys a shop for Rs 1,20,000. He pays half the ammount in cash and agrees to pay the balance in 12 annual instalments of Rs 5000 each. If the rate of interest is 12% and he pays with the instalment the interest due on the unpaid ammount. Find the total cost of the shop.

Expert Reply
Wed February 27, 2013
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