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A fanner buys a used tractor for Rs 1200...

A fanner buys a used tractor for Rs 12000. He pays Rs 6000 cash and agrees to pay the balance in annual instalments of Rs 500 plus 12% interest on the unpaid amount. How much will the tractor cost him?

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Explore conceptually related problems

A fanner buys a used tractor for Rs 12000. He pays Rs6000 cash and agrees to pay the balance in annual instalments of Rs 500 plus 12% interest on the unpaid amount.How much will the tractor cost him?

A farmer buys a used tractor for Rs.12000. He pays Rs.6000 cash and agrees to pay the balance in annual instalments of Rs.500 plus 12% interest on the unpaid amount.How match the tractor cost him?

Knowledge Check

  • A farmer buys a used tractor of Rs 12000. He pays Rs. 6000 cash and agrees to pay the balance in annual installment of Rs. 500 plus 12% interest on the unpaid amount. How much will the tractor cost him ?

    A
    Rs. 16680
    B
    Rs. 16670
    C
    Rs. 16681
    D
    Rs. 16682

  • Harish bought a scooter for Rs. 49553. He paid Rs. 8076 in cash and agreed to pay the remaining amount in 37 equal installments. What is the amount of each installment?

    A
    Rs. 1201
    B
    Rs. 1339
    C
    Rs. 1021
    D
    Rs. 1121

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