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.

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