Class X

A TV can be purchased for Rs. 7200 cash or for Rs. 3040 cash down payment and five equal monthly instalment of Rs. 860 each. Calculate the rate of interest charged under the instalment plan
  1. Rs.10.56%
  2. 11.90%
  3. 12.69%
  4. 13.77%
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.
  1. Rs. 9,890.00, (I)Rs. 1,438
  2. Rs. 11,393.00, (I)Rs. 1,438
  3. Rs. 9,499.80, (I)Rs. 1,220
  4. Rs. 8,879.07, (I)Rs. 1,011
A loan was returned in three equal quarterly instalments of Rs.17576 each. If the rate of interest is 16% p.a. compounded quarterly find the loan and the total interest charged.
  1. (P) Rs. 20,212.40 , (I) Rs. 2,636.40
  2. (P) Rs. 40,424.80 , (I) Rs. 3,053 .00
  3. (P) Rs. 37,964.16 , (I) Rs. 1,406.08
  4. (P) Rs. 48,775, (I) Rs. 3,953
A car is available for Rs.4,02,200 cash or for Rs.1,50,000 cash down payment and 3 equal half yearly instalments. Find the value of each instalment if the rate of interest is 10% p.a. compounded half yearly
  1. Rs. 92,610
  2. Rs. 95,711
  3. Rs. 84,560
  4. Rs. 82,160
A LED light is available for Rs. 500 cash or for Rs. 150 cash down payment followed by 5 equal monthly instalement. If the rate of interest is 18% p.a. Calculates the monthly instalment
  1. Rs. 70.25
  2. Rs. 73.06
  3. Rs. 75.00
  4. Rs. 76.66
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