A builder announces sale of flats for Rs. 30,00,000 cash or for Rs. 10,31,600 cash down payment and three equal quarterly instalments. If the rate of interest charged is 10% per annum compounded quarterly, compute the value of each instalment under the instalment scheme. Also, find the total interest.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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A builder announces sale of flats for Rs. 30,00,000
cash or for Rs. 10,31,600 cash down payment and three equal
quarterly instalments. If the rate of interest charged is 10% per
annum compounded quarterly, compute the value of each
instalment under the instalment scheme. Also, find the total
interest.
Transcribed Image Text:A builder announces sale of flats for Rs. 30,00,000 cash or for Rs. 10,31,600 cash down payment and three equal quarterly instalments. If the rate of interest charged is 10% per annum compounded quarterly, compute the value of each instalment under the instalment scheme. Also, find the total interest.
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