Home
Class 14
MATHS
A scooty is sold by an automobile agency...

A scooty is sold by an automobile agency for ? 19200 cash or for ? 4800 cash down payment together with five equal monthly instalments. If the rate of interest charged by the company is 12% per annum, then find each instalment.

Text Solution

Verified by Experts

The correct Answer is:
Rs 2964.70
Promotional Banner

Topper's Solved these Questions

  • CI/SI/INSTALMENTS

    ARIHANT SSC|Exercise EXERCISE (LEVEL - 1)|56 Videos

  • CI/SI/INSTALMENTS

    ARIHANT SSC|Exercise EXERCISE (LEVEL - 2)|23 Videos

  • BOATS AND STREAMS

    ARIHANT SSC|Exercise EXERCISE HIGHER SKILL LEVEL QUESTIONS|9 Videos

  • CLOCK AND CALENDAR

    ARIHANT SSC|Exercise FAST TRACK PRACTICE|27 Videos

Similar Questions

Explore conceptually related problems

A scooty is sold by an automobile agency for ₹ 20100 cash or for ₹ 4800 cash down payment together with five equal monthly instalments. If the rate of interest charged by the company is 12% per annum find each instalment..

A ceiling fan is marked Rs.1940 cash or for Rs.420 cash down payment followed by three equal monthly instalments.If the rate of interest charged under the instalment plan is 16% per annum,find the monthly instalment.

A sonata watch is sold for ₹ 440 cash or for ₹ 200 cash down payment together with ₹ 244 to be paid after one month. Find the rate of interest charged in the instalment scheme :

A computer is available for Rs. 39300 cash or for Rs. 12820 cash down payment and three equal half-yearly instalments. If the dealer charges interest at the rate of 20% per annum compound semi-annually, then each instalment is

ARIHANT SSC-CI/SI/INSTALMENTS-EXERCISE (LEVEL - 2)
  1. A scooty is sold by an automobile agency for ? 19200 cash or for ? 480...

    Text Solution

    |

  2. The compound interest on a certain sum for 2 years is ₹ 756 and SI (si...

    Text Solution

    |

  3. Jalela and Dalela have to clear their respective loans by paying 3 equ...

    Text Solution

    |

  4. Akbar lends twice the interest received from' Birbal to Chanakya at th...

    Text Solution

    |

  5. Equal amounts of a each ₹ 43892 is lend to two persons for 3 years One...

    Text Solution

    |

  6. Rs. 3500 was lent partly @ 4% and partly @ 6% SI. The total interest r...

    Text Solution

    |

  7. The population of vultures in a particular locality is decreases by a ...

    Text Solution

    |

  8. The ratio of the amount for two years under Cl annually and for one ye...

    Text Solution

    |

  9. A cycle can be purchased on cash payment of Rs. 1500 but the same cycl...

    Text Solution

    |

  10. Data Ram lends equal sum of money at the same rate of interest to, A a...

    Text Solution

    |

  11. Akram Ali left an amount of ₹ 340000 to be divided between his two son...

    Text Solution

    |

  12. Satyam took loan from IDIDI Bank for his 2 years course of MBA at IMD....

    Text Solution

    |

  13. We had 1000 goats at the beginning of year 2001 and the no. of goats e...

    Text Solution

    |

  14. ₹ 100000 was invested by Mohan in a fixed deposit @ 10% per annum at C...

    Text Solution

    |

  15. A property dealer bought a rectangular plot (of land) in Noida 5 years...

    Text Solution

    |

  16. A and B run a joint venture in which the profit earned by A and B are ...

    Text Solution

    |

  17. In the previous problem if A gets a profit of Rs. 4200 the amount inve...

    Text Solution

    |

  18. Arvind and Govind each invested ₹ 15000 for 3 years at the same rate o...

    Text Solution

    |

  19. Shyam Lal takes a loan of Rs. 10500 at 10% p.a. compounded annually wh...

    Text Solution

    |

  20. Hari Lal and Hari Prasad have equal amounts. Hari Lal invested all his...

    Text Solution

    |

  21. The annual sales of a company in the year 2000 was Rs. 1000 and in the...

    Text Solution

    |