Find the total cost of the shop of arithmetic progressions, Mathematics

Raghav buys a shop for Rs.1,20,000.He pays half the balance of the amount in cash and agrees to pay the balance in 12 annual instalments of Rs.5000 each. If the rate of interest is 12% and he pays with the instalment the interest due for the unpaid amount. Find the total cost of the shop.

Ans:    Balance = Rs.60,000 in 12 instalment of Rs.5000 each.

Amount of I instalment  = 5000 +(12/100) 60,000

II instalment = 5000 + (Interest on unpaid amount)

= 5000 + 6600[12/100x55000]

= 11600

 

III instalment  = 5000 + (Interest on unpaid amount of Rs.50,000)

∴ AP is 12200, 11600, 11000

D = is 600

Cost of shop = 60000 + [sum of 12 instalment]

= 60,000 + 12/2 [24,400-6600]

= 1,66,800

Posted Date: 4/8/2013 5:27:21 AM | Location : United States







Related Discussions:- Find the total cost of the shop of arithmetic progressions, Assignment Help, Ask Question on Find the total cost of the shop of arithmetic progressions, Get Answer, Expert's Help, Find the total cost of the shop of arithmetic progressions Discussions

Write discussion on Find the total cost of the shop of arithmetic progressions
Your posts are moderated
Related Questions
Teng is designing a house and in each room he can choose from tiles, floorboards, or carpet for the floor. a. How many combinations of flooring materials are possible if he designs

Evaluate the subsequent integral. ∫ (tan x/sec 4 x / sec 4 x)  dx Solution This kind of integral approximately falls into the form given in 3c.  It is a quotient of ta

Without solving, find out the Wronskian of two solutions to the subsequent differential equation. t 4 y'' - 2t 3 y' - t 8 y = 0 Solution : First thing that we want to d


Evaluate following limits. Solution In this case we also contain a 0/0 indeterminate form and if we were actually good at factoring we could factor the numerator & den

marks frequency 0-9 8 10-19 10 20-29 14 30-39 28 40-49 46 50-59 25 60-69 17 70-79 9 80-89 2 90-99 1 (

About Zeros in the Denominator of Rational Expressions One thing that you must be careful about when working with rational expressions is that the denominator can never be zero


larry spends 3/4 hours twice a day walking and playing with his dog. He spends 1/6 hours twice a day feeding his dog. how much time does larry spend on his dog each day?

In the diagram points V,W,X,Y and Z are collinear, VZ=52, XZ= 20 AND WX=XY=YZ. Find the indicated length of WX, VW, WY, VX, WZ, and VY