Question

Shaym bought a refrigerator for $Rs.5000$. He paid $\frac{1}{10}$ of the price in cash and the rest in $12$ equal monthly instalments. How much he had to pay each month?

Answer 1

Finding the amount paid in cash
Payment done in cash is $\frac{1}{10}$ of the total price of refrigerator
So,
Cash payment $=\frac{1}{10}\times Rs.5000=Rs.500$

Finding the monthly installment amount

The amount remaining to be paid in $12$ monthly installments is,

Amount remaining $=5000-500=Rs.4500$
Installment per month $=\frac{4500}{12}=Rs.375$

Hence, Shyam will have to pay $Rs.375$ per month for $12$ months.