Sneha buys a smartphone for 80000 rupees Due to financial constraints, she opts for a three-instalment payment plan over three years with an annual interest rate of 20%. If the amount paid in the second installme 500 rupees more than the first instalment, and the amount paid in the third instalment is 9740 rupees more th the amount

It seems like you are describing a payment plan with three installments, and there’s a relationship between the amounts paid in each installment. Could you please clarify how much was paid in the first installment, or do you want me to calculate the amounts based on the given details?

Sneha buys a smartphone for 80000 rupees. Due to financial constraints, she opts for a three-instalment payment plan over three years with an annual interest rate of 20%. If the amount paid in the second installment is 500 rupees more than the first installment, and the amount paid in the third installment is 9740 rupees more than the amount paid in the second installment, what is the amount of each installment?

Learn how to calculate installment payments for a smartphone purchase under a 20% annual interest rate, where the second installment is 500 rupees more than the first, and the third installment exceeds the second by 9740 rupees. This problem involves interest calculations and algebraic equations, suitable for students in Grades 10-12.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation