Class X

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 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?
  1. Rs. 6,375.00
  2. Rs. 6,760.00
  3. Rs. 6,885.00
  4. Rs. 13,770.00
A Laptop is available for Rs. 60000 cash or for 20% cash down payment followed by ten equal monthly instalment of Rs. 5000 each. What is the rate of interest under instalment plan?
  1. 7.50%
  2. 8.25%
  3. 9.41%
  4. 10.15%
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
Flats are available for Rs. 5,50,000 cash or Rs. 42,750 cash down payment and three equal yearly instalments. The interest is charged at the rate of 8% p.a. compounded annually. Calculate the value of each instalment.
  1. Rs. 1,96,830
  2. Rs.2,16,674
  3. Rs. 1,98,810
  4. Rs. 1,86,754
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