Algebra Test No. 5

1. 2. 3. 4.

1. 2. 3.

4.

1. 2. 3. 4.

An electric iron is sold for Rs. 600 cash or for Rs. 300 cash down payment together with Rs. 330 to be paid after eight months in one instalment. Find the rate of interest charged in the instalment scheme. A bicycle is sold for Rs. 1645 cash or for Rs. 1000 cash down payment followed by two monthly instalments of Rs. 330 each. Compute the rate of interest charged under the instalment scheme. A man borrows certain amount which is to be paid back in two equal annual instalments. If compound interest is calculated at the rate of 10% p.a. each instalment is Rs. 6105. Find the sum borrowed. A washing machine is sold for Rs. 10,000 cash or for 5 monthly equal instalments of Rs. 2080 each. If the first instalment is to be paid at the very date of purchasing, find the rate of interest p.a. charged in this scheme.

A cooking range can be purchased for Rs. 4800 cash or for Rs. 2700 cash down payment together with Rs. 2198 to be paid after four months in one instalment. Find the rate of interest. An inverter is sold for Rs. 8000 cash or Rs. 2000 cash down payment together with six equal monthly instalments. If the rate of interest is 8% p.a. find each instalment. The cash price of an electric motor is Rs. 18,000. But a farmer wants to buy it for Rs. 4760 as cash down payment and he has to pay remaining amount in 3 equal annual instalments. In this instalment scheme, compound interest is calculated at the rate of 10% p.a. Find the amount of each instalment. A tape recorder is available for Rs. 3200 cash or for Rs. 2000 cash down payment and Rs. 1290 to be paid after six months in one instalment. Find the rate of interest charged under the instalment scheme.

An electric iron is sold for Rs. 600 cash or for Rs. 300 cash down payment together with Rs. 330 to be paid after eight months in one instalment. Find the rate of interest charged in the instalment scheme. A bicycle is sold for Rs. 1645 cash or for Rs. 1000 cash down payment followed by two monthly instalments of Rs. 330 each. Compute the rate of interest charged under the instalment scheme. A man borrows certain amount which is to be paid back in two equal annual instalments. If compound interest is calculated at the rate of 10% p.a. each instalment is Rs. 6105. Find the sum borrowed. A washing machine is sold for Rs. 10,000 cash or for 5 monthly equal instalments of Rs. 2080 each. If the first instalment is to be paid at the very date of purchasing, find the rate of interest p.a. charged in this scheme.