"A taperecorder is sold for Rs 3500 cash, or Rs 1000 cash down payment and the balance in three
Channel: Doubtnut
Date: 2020-04-05

"A taperecorder is sold for Rs 3500 cash, or Rs 1000 cash down payment and the balance in three equal easy instalments. If `12 1/2%`is the rate of interest compounded annually, find the amount of instalment.(a) Rs 1000.35 (b) Rs 1049.85 (c) Rs 1050.65 (d) 1100.45"