Hi everyone I have a exam tomorrow but I have a one question if you solve it I'd be happy.
A man buys car on instalment basis such that he pays 50000$ on signing of the contract and remaining in 4 equal instalment of 20000$ the first is being paid at the end of first year and so on for each year. If he rate of interest is %8 effective find the cash price of the car?
A man buys car on instalment basis such that he pays 50000$ on signing of the contract and remaining in 4 equal instalment of 20000$ the first is being paid at the end of first year and so on for each year. If he rate of interest is %8 effective find the cash price of the car?