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7 November, 03:16

A family buys a refrigerator that costs € 840 paying a 30% cash deposit and the rest in 6 monthly installments, what is the amount of each monthly payment.

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  1. 7 November, 03:27
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    Step-by-step explanation:

    Price of refrigerator=€840

    Cash price paid is 30%

    Therefore,

    Price paid = 30/100*840

    Price paid = €252

    He paid €252 cash deposit

    So, the amount remaining is

    Cost price - cash deposit

    €840-€252

    €588

    Then he needs to pay this €588 install mentally for 6months

    Each month he is going to pay €588/6=€98

    Then he is going to pay €98 monthly
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