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26 February, 23:06

at the top furniture factory, baber bought three chairs for Rs. 3999 each and a coffee table. He paid 1/3 of the total cost at the time of purchase and the balance in 8 equal monthly installments. What was the amount of each month's payment? A) Rs. 1500.00 B) Rs. 1424.75 C) Rs. 1200.25 D) none of these

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  1. 27 February, 00:34
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    Since interest rate is not given, we assume that there is no interest on the installments.

    Sale price = 3999

    downpayment = 1/3 (3999) = 1333

    balance = 3999-1333=2666

    divided into 8 installments, each installment

    = 2666/8=Rs. 333.25
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