Q. 8. A gas cooking range is available for Rs. 2500 cash orfor Rs. 520 cash down payment followed by 4 equal monthlyinstalments. If the rate of interest charged is 25% per annum,calculate the monthly instalment.

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Answered: Q. 8. A gas cooking range is available…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Q. 8. A gas cooking range is available for Rs. 2500 cash or for Rs. 520 cash down payment followed by 4 equal monthly instalments. If the rate of interest charged is 25% per annum, calculate the monthly instalment,