Answer the following questions in about 100 to 150 words
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.




This Is a Certified Answer

Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
Scheme one

30,000*95/100 (5% discount)

scheme two-

down payment =5,000

total sum left=30,000-5,000=25,000

Simple interest(S.I)=(Principle Amount*rate*time)/100


Therefore total amount that would be paid =25,000+7,500+5,000

Therefore difference is 38,000-28,500=9,500