Class X A man availed loan of Rs.12750 which is to be paid back in two equal half yearly instalments. If the interest is compounded half yearly at 8% per annum, how much is each instalment? Rs. 6,375.00 Rs. 6,760.00 Rs. 6,885.00 Rs. 13,770.00 A loan has to be returned in two equal annual instalments. If the rate of interest is 16% p.a. compounded annually and each instalment is Rs. 1682, find the sum borrowed and the total interest charged. (L) Rs. 2600 , (I) Rs. 574 (L) Rs. 2890 ,(I) Rs. 724 (L) Rs. 2700 ,(I) Rs. 664 (L) Rs. 2600 ,(I) Rs. 600 A Mobile Phone is available for Rs. 3900 cash or for 25% cash down payment together with eight monthly instalment of Rs. 3900 each. Find the rate of interest charged under this scheme 16.25% 17.50% 18.00% 18.75% A loan has to pay in two equal half yearly instalments of Rs.4945 each. If the rate of interest is 15% p.a. compounded semi-annually, find the principal and the total interest paid. ) (P) Rs. 8,799.00, (I)Rs. 1,119 ) (P) Rs. 8,765.25, (I)Rs. 1,210 ) (P) Rs. 8,909.90, (I)Rs. 1,320 ) (P) Rs. 8,879.07, (I)Rs. 1,011 A washing machine is listed at Rs. 6400 cash or for Rs. 1400 as cash down payment followed by five equal monthly instalment of Rs. 1030. Find the rate of interest charged under the instalement scheme. 9.00% 10.25% 11.50% 12.24% Do you really want to submit this quiz? Cancel Submit Quiz