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A computer is available for Rs 39000 cash or 17000 as cash down payment followed by five monthly instalments of Rs 4800 each. Bank also gives a loan at the

rate of 24% per annum to purchase the computer. Which option is better?


I would directly buy the computer for 39000Rs as I wont have to pay the interests.
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On down payment:- 4800*5=24000 Extra money pay = 24000-17000=7000 On bank loan:- 17000*24/100=21080 Extra money pay= 21080-17000=4080 In bank loan is better
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