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Finding Discounts

A water filte...

Question

A water filter is available for 500 down payment followed by two instalments of 600 each. If the total interest paid is 100, then what is the cash price of the water filter?

A

1600

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B

1700

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C

1500

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D

1400

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Solution

The correct option is A 1600
Total amount paid $= R s 500 + 2 (600) = R s 1700$
In this $R s 100$ is interest , so actual price $= R s 1700 - 100 = R s 1600$

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