Rohan purchased a mobile Rs. 5000 cash or Rs. 500 down payment follo

1.	Rohan purchased a mobile Rs. 5000 cash or Rs. 500 down payment followed by 4 equal instalments. If the rate 25 % per annum at simple interest calculate monthly instalment and find the nearest integer value. 1. 11822. 17203. 15224. 11555. 2102
Answer» Correct Answer - Option 1 : 1182 Given : After down payment 5000 – 500= 4500 Rate % = 25 % Total instalment = 4 Formula used : \(instalment = \frac{{100 \times amount}}{{\begin{array}{{20}{c}} {100 \times n + \;R \times \frac{{n\left( {n - 1} \right)}}{2}}\\ {} \end{array}}}\) calculation :* \( = (4500×25×4)/(12×100) + 4500 = 4875 \) Instalment \(\frac{{100 \times \;4875}}{{\begin{array}{*{20}{c}} {100 \times 4 + \;25 \times 4/12 \times \frac{3}{2} \times }\\ {} \end{array}}} = {\rm{ }}{\bf{1181}}.{\bf{8}}\;\)

Rohan purchased a mobile Rs. 5000 cash or Rs. 500 down payment followed by 4 equal instalments. If the rate 25 % per annum at simple interest calculate monthly instalment and find the nearest integer value. 1. 11822. 17203. 15224. 11555. 2102

Answer» Correct Answer - Option 1 : 1182

Given : After down payment 5000 – 500= 4500

Rate % = 25 %

Total instalment = 4

Formula used :

\(instalment = \frac{{100 \times amount}}{{\begin{array}{*{20}{c}} {100 \times n + \;R \times \frac{{n\left( {n - 1} \right)}}{2}}\\ {} \end{array}}}\)

calculation :

\( = (4500×25×4)/(12×100) + 4500 = 4875 \)

Instalment

\(\frac{{100 \times \;4875}}{{\begin{array}{*{20}{c}} {100 \times 4 + \;25 \times 4/12 \times \frac{3}{2} \times }\\ {} \end{array}}} = {\rm{ }}{\bf{1181}}.{\bf{8}}\;\)

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