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Ankush wanted to purchase a LCD (TV) and went to a Showroom. He found that LCD with

marked price of Rs. 30,000/-, is available with Cash payment alongwith 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.

1st scheme: MP=rs. 30000
discount=5%
cp of ankush=sp of the tv=Rs. X30000 =Rs.
28500 2nd scheme: MP= rs. 30000
Down payment= rs. 5000
Remaining money is to be given in
three equal installments
3 installments=(30000-5000)/3=Rs. 8333.33
Interest per month=10% Amount to be paid per month=X8333.33=Rs. 9166.63 amount paid in 3 months(the installments)=
Rs. (916.663 X 3)=Rs.27499.89
total amount paid= Rs.(27499.89+5000)=Rs.
32499.89