A man buys a chair at Rs. 18,000. He pays Rs. 6,000 at once and the rest after 18 months on which he is charging a simple interest at the rate of 15% per annum. The total amount he pays for the chair is -?

Rs. 28800
Rs. 25300
Rs. 20700
Rs. 22440
None of these

LohaHridoy

7 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 3 : Rs. 20700

Total Price of the chair = Rs. 18,000

Initial Payment = Rs. 6,000

Remaining Amount = Rs. 12,000

Simple Interest in 18 months for Rs. 12,000

Simple Interest = (12000 × 15 × 18)/(100 × 12) = Rs. 2,700

With S.I, the total amount to be paid for Principal Amount, 12000 = 12000 + 2700 = Rs. 14,700

Therefore, total amount he pays for the chair is = 14700 + 6000 = Rs. 20,700

7 views Answered 2022-09-04 04:29

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