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    Algebra Test No. 5

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    AMIN BUHARI ABDUL KHADER
    This document contains multiple word problems involving calculating interest rates on purchases made through installment plans rather than outright cash purchases. Some key details include: - Items like electric irons, bicycles, washing machines and others are available for either full cash purchase or a cash down payment plus subsequent installment payments. - The problems require calculating the interest rate being charged based on the cash vs installment purchase amounts. - Other variables like monthly vs annual installment amounts, compounding periods and amounts borrowed are provided to solve for interest rates or original purchase amounts.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Algebra Test No. 5

    Uploaded by

    AMIN BUHARI ABDUL KHADER
    47 views1 page
    This document contains multiple word problems involving calculating interest rates on purchases made through installment plans rather than outright cash purchases. Some key details include: - Items like electric irons, bicycles, washing machines and others are available for either full cash purchase or a cash down payment plus subsequent installment payments. - The problems require calculating the interest rate being charged based on the cash vs installment purchase amounts. - Other variables like monthly vs annual installment amounts, compounding periods and amounts borrowed are provided to solve for interest rates or original purchase amounts.

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    This document contains multiple word problems involving calculating interest rates on purchases made through installment plans rather than outright cash purchases. Some key details include: - Items like electric irons, bicycles, washing machines and others are available for either full cash purchase or a cash down payment plus subsequent installment payments. - The problems require calculating the interest rate being charged based on the cash vs installment purchase amounts. - Other variables like monthly vs annual installment amounts, compounding periods and amounts borrowed are provided to solve for interest rates or original purchase amounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    47 views1 page

    Algebra Test No. 5

    Uploaded by

    AMIN BUHARI ABDUL KHADER
    This document contains multiple word problems involving calculating interest rates on purchases made through installment plans rather than outright cash purchases. Some key details include: - Items like electric irons, bicycles, washing machines and others are available for either full cash purchase or a cash down payment plus subsequent installment payments. - The problems require calculating the interest rate being charged based on the cash vs installment purchase amounts. - Other variables like monthly vs annual installment amounts, compounding periods and amounts borrowed are provided to solve for interest rates or original purchase amounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    1. An electric iron is sold for Rs. 600 cash or for Rs.

    s. 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.
    2. 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.
    3. 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.
    4. 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.

    1. 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.
    2. 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.
    3. 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.
    4. 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.

    1. 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.
    2. 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.
    3. 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.
    4. 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.

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