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.
If a young son works quickly for 2 hours and prepares 16 items in a day, and his old father works slowly for 8 hours and prepares 24 items in a day, which of the following is true?