Shyam 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 had he to pay each month?

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Solution

Total amount of the refrigerator $=$ Rs 5000
Amount paid in cash $= \frac{1}{10}$ of Rs. 5000 $= \frac{1}{10} \times 5000 =$ Rs. 500

Balance amount $=$ Rs. 5000 - Rs. 500 $=$ Rs. 4500
No.of equally instalments $= 12$
$∴$ Amount of each instalment
$=$ Rs. $4500 \div 12 =$ Rs. $4500 \times \frac{1}{12}$ $=$ Rs. 375

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