Ankush wantt to purchase a LCD TV and went to showroom . He he found that LCD with market price of Rs.30,000 , is available with cash payment with 5% discount or for Rs. 5000 as cash down payment followed by 3 equal monthly installments with interest at the rate of 10% per month. Find the difference in amount payable under the two schemes.

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Answers

2016-01-02T15:22:11+05:30
Amount payable as cash payment =30000-1500=28500
amount payable as installments =5000+3*9166.6.....
=5000+27500=32500
Therefore,the difference is
32500-28500= ₹4000
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