A man purchased a cycle for Rs.3000/- and agreed to pay 12% on the amount as interest. He repaid principal and interest in 12 equal monthly installments. Find the amount of each installment.
A shopkeeper offers 15% discount on all plastic toys. He offers a further discount of 4% on the reduced price to those customers who pay cash. What does a customer have to pay (in Rs) in case for a toy of Rs 200?