Question

at the top furniture factory,baber bought three chairs for Rs.3999 each and a coffee table .He paid 1/3 of the total cost at the time of purchase and the balance in 8 equal monthly installments .What was the amount of each month's payment? A) Rs.1500.00 B) Rs.1424.75 C) Rs.1200.25 D) none of these

Answer 1

Since interest rate is not given, we assume that there is no interest on the installments.

Sale price = 3999
downpayment = 1/3(3999)=1333
balance = 3999-1333=2666
divided into 8 installments, each installment
= 2666/8=Rs. 333.25

Answer 2

The amount of each month's payment is 333.25.

What is the unitary method?

The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.

We have been given as at the top furniture factory, baber bought three chairs for Rs.3999 each and a coffee table.

He paid one third of the total cost at the time of purchase and the balance in 8 equal monthly installments .

Since interest rate is not given, we can assume that there is no interest on the installments.

Sale price = 3999

The downpayment = 1/3(3999) =1333

The balance = 3999-1333=2666

Now, we have to divided into 8 installments, each installment

= 2666/8

=Rs. 333.25

Hence, the amount of each month's payment is 333.25.

Learn more about the unitary method;

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