Bissoy.com
Doctors Medicines MCQs Q&A

  1. Rs. 3,000
  2. Rs. 4,500
  3. Rs. 4,000
  4. Rs. 2,823
  5. Rs. 5,000 
58 views

1 Answers

Option 2 : Rs. 4,500

Let the cash down payment be Rs. X

The amount as per the compound interest can be given as

A = P (1 + R/100)t

Where A = Amount

P = Principal

R = Rate of interest

t = Time period

As the cost price of television is Rs. 13240

∴ We can write

13240 = X + (2794/1.1) + (6292/1.12) + (1331/1.13)

As the 2794 is paid after one year hence t = 1 and as 6292 is paid after 2 years hence t = 2 and so on.

∴ 13240 = X + 2540 + 5200 + 1000

∴ X = 4500

58 views

Related Questions

A statement is given below in the question followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Jet Airways has defaulted on salary payments again. The cash-strapped airline on Wednesday sought over 10 more days from its employees to pay balance 25 per cent of their salaries for August. Jet Airways had paid 50 per cent of August salaries to its employees on September 11 and the rest was to be paid on Wednesday. But it could pay only half of the balance amount.  Courses of action: I. The cash-strapped airline, which is struggling to meet its cost of operations, had earlier attempted to cut salaries of its employees, but the move was met with stiff resistance that forced it to defer the plan.  II. Jet Airways will today remit half of the second installment of pending emoluments of its pilots, AMEs and senior management for August 2018. III. While the management regrets the attendant inconvenience, it also appreciates the continued support and understanding of its employees.?
1 Answers 5 Views