Chapter 6: Instalments

Exercise - 9

1. A suitcase is listed at Rs.800. It is available for Rs. 500 cash down payment and Rs. 325 to be paid back after six months. Find the rate of interest charged under the instalment plan.

2. A table is available for Rs. 1800 cash or for Rs. 600 cash down payment followed by two monthly instalment of Rs. 610 each. Compute the rate of interest charged under the instalment plan.

3. An electric iron is available for Rs. 550 cash or for Rs. 250 cash down payment followed by Rs. 305 to be paid after two months. Find the rate of interest charged under this scheme.

4. A pressure cooker is available for Rs. 500 cash or for Rs. 250 cash down payment together with Rs.260 after three months. Find the rate of interest charged under this scheme.

5. A wrist watch is sold for Rs. 960 cash or for Rs. 480 cash down payment and also two equal monthly instalments of Rs. 245 each. Calculate the rate of interest charged under two schemes.

6. A mixi is available for Rs. 1500 cash or for Rs. 360 cash down payment together with three equal monthly instalment of Rs. 390 each. Find the rate of interest charged under the instalment plan.

7. A scooter is available for Rs. 28000 cash or for Rs. 7400 cash down payment together with four equal monthly instalment of Rs. 5200 each. Find the rate of interest charged under the instalment scheme.

8. A cooking range can be buyed for Rs. 2500 cash or for Rs. 520 cash down payment together with four equal monthly instalments. If the rate of interest be 25%p.a. find the monthly instalment.

9. 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.

10. A computer is available for Rs. 19,200 cash or for Rs. 4800 cash down payment followed by five monthly instalement of equal value . If the rate of interest is 12% p.a. find each instalment.

11. A typing machine 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.

12. An electric iron 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.

13. An electric generator 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.

14. A tractor 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.

15. A video camera 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?

16. A stereo is available for Rs. 5600 cash or for Rs. 1800 cash down payment together with ten equal monthly instalment of Rs. 400 each. Calculate the rate of interest charged under instalment plan.