Class X

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 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.
  1. 9.00%
  2. 10.25%
  3. 11.50%
  4. 12.24%
A Car is sold for Rs. 450000 cash or for Rs. 150000 cash down payment followed by ten equal monthly instalment of Rs. 32000 each. Calculate the rate of interest charged under instalment plan
  1. 15.38%
  2. 16.25%
  3. 16.90%
  4. 17.50%
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 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
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