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one fourth of the total cost of the house was paid and the time of booking the remaining amount is to be paid in 4 installments the total cost of the house is 24 lakh what will be the amount paid in each installment |
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Answer» Answer: 4.5 lakhs. Step-by-step EXPLANATION: One-fourth of the total COST has been paid during the time of booking. Since total cost of house is 24 lakhs, the amount paid during booking is one-fourth of 24 lakhs. Amount paid during booking = 24 lakhs ÷ 4 = 6 lakhs. So 6 LAKH has been already paid. So 18 lakh needs to be paid as four installments. So amount to be paid in each INSTALLMENT = 18 lakhs ÷ 4 = 4.5 lakhs.
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