SOLUTION: Mr Basheer plans to purchase a TV set she has been offered the option of paying rupees 2000 down payment and 3000 after 4 month , of paying rupees 3,000 down payment and 2000 after
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Question 1076560: Mr Basheer plans to purchase a TV set she has been offered the option of paying rupees 2000 down payment and 3000 after 4 month , of paying rupees 3,000 down payment and 2000 after 5 months is the rate of interest 9% which option would be better for her? Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! The interest is prt=3000*0.09*4/12=$90 for 4 months and
2000*0.09*5/12=$75 for 5 months
The first is $5090
The second is $5075
The second is better.
