Question

Gopi bought a microwave oven for ₹ 5,000. She paid $\frac{1}{10}$ of the price in cash and the rest in 12 equal monthly instalments. How much had she to pay each month?

• A. ₹ 382
• B. ₹ 432
• C. ₹ 416
• D. ₹ 375

Answer 1

The correct option is D

₹ 375

Total amount of the microwave oven = ₹ 5000

Amount paid in cash = $\frac{1}{10}$ of ₹5000 = $\frac{1}{10}\times 5000$ = $₹500$

Balance amount = 5000 - 500 = ₹ 4500

Number of equal installments = 12

$\therefore$ Amount of each installment = ₹ 4500 $÷$ 12 =₹ 375