Get 2 FREE Instant-Explanations on Filo with code FILOAPP

Home

Shamshad Ali buys a scooter for Rs. 2200. He pays Rs. 4000 cas

Question

Shamshad Ali buys a scooter for Rs. 2200. He pays Rs. 4000 cash and agrees to pay the balance in annual instalments of Rs. 1000 plus 10% interest on the unpaid amount. How much the scooter will cost him?

Views: 991 students

Found 7 tutors discussing this question

James Discussed

Shamshad Ali buys a scooter for Rs. 2200. He pays Rs. 4000 cash and agrees to pay the balance in annual instalments of Rs. 1000 plus 10% interest on the unpaid amount. How much the scooter will cost him?

13 mins ago

Discuss this question LIVE

13 mins ago

Text solutionVerified

Solution:

r s 2200 \to

cost

1 y r \to 1000 + \frac{10}{100} \times 18000 = 1000 + 1800

2 y r \to 1000 + \frac{10}{100} \times 17000 = 1000 + 1700

n y r \to 1000 + \frac{10}{100} (18000 - (n - 1) 1000)

= 1000 + 1800 + 100 - n 100

= 2700 - n (100)

S_{n} = [\sum 2900 - n (100)] + 4000

= 2900 n - 100 \frac{n ( n + 1 )}{2} + 4000

= 52200 - 500 \times 9 \times 19 + 4000

= 56200 - 17100

= 39200 r s

Answer

Was this solution helpful?

150

Report

One destination for complete JEE/NEET preparation

One destination to cover all your homework and assignment needs

Learn Practice Revision Succeed

Instant 1:1 help, 24x7

60, 000+ Expert tutors

Textbook solutions

Big idea maths, McGraw-Hill Education etc

Essay review

Get expert feedback on your essay

Schedule classes

High dosage tutoring from Dedicated 3 experts

Trusted by 4 million+ students

Stuck on the question or explanation?

Connect with our math tutors online and get step by step solution of this question.

231 students are taking LIVE classes

Question Text	Shamshad Ali buys a scooter for Rs. 2200. He pays Rs. 4000 cash and agrees to pay the balance in annual instalments of Rs. 1000 plus 10% interest on the unpaid amount. How much the scooter will cost him?
Answer Type	Text solution:1
Upvotes	150

Shamshad Ali buys a scooter for Rs. 2200. He pays Rs. 4000 cash and agrees to pay the balance in annual instalments of Rs. 1000 plus 10% interest on the unpaid amount. How much the scooter will cost him?

Text solutionVerified

Practice questions from similar books