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Fractional Division

A customer bu...

Question

A customer buys a car for ₹ 500000. He pays an initial amount of ₹ 200000 and the remaining amount in 10 monthly instalments. How much does he pay each month?

A

₹ 50000

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B

₹ 30000

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C

₹ 300000

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D

₹ 40000

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Solution

The correct option is B
₹ 30000

Cost of car = ₹ 5,00,000

Initial amount paid = ₹ 2,00,000

Amount to be paid in instalments = 500000 - 200000 = ₹ 3,00,000

$∴$ Amount paid each month = $\frac{300000}{10} = ₹ 30, 000$

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