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Shamshad Ali buys a scooter for Rs. 2200...

Shamshad Ali buys a scooter for Rs. 2200. He pays Rs. 4000 cash and agrees to pay the balance in annual instalments of Rs. 1000 plus 10% interest on the unpaid amount. How much the scooter will cost him?

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Knowledge Check

  • A farmer buys a used tractor of Rs 12000. He pays Rs. 6000 cash and agrees to pay the balance in annual installment of Rs. 500 plus 12% interest on the unpaid amount. How much will the tractor cost him ?

    A
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    B
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    D
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    D
    Rs. 1121

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