Home
Class 11
MATHS
A farmer, buys a used tractor for Rs.. 1...

A farmer, buys a used tractor for 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 ?

Text Solution

Verified by Experts

The correct Answer is:
Rs 16680
Promotional Banner

Topper's Solved these Questions

  • SEQUENCE AND SERIES

    OMEGA PUBLICATION|Exercise MULTIPLE CHOICE QUESTIONS MCQs|16 Videos

  • SEQUENCE AND SERIES

    OMEGA PUBLICATION|Exercise MULTIPLE CHOICE QUESTIONS MCQs|16 Videos

  • SAMPLE QUESTIONS PAPER-4 (PUNJAB)

    OMEGA PUBLICATION|Exercise Section- D|7 Videos

  • SETS

    OMEGA PUBLICATION|Exercise Multiple Choice Questions (MCQs)|27 Videos

Similar Questions

Explore conceptually related problems

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

Shamshad Ali buys a scooterfor Rs 22000. He pays Rs 4000 cash and agreesto pay the balance in annual instalment of Rs 1 000 plus 10% interest on the unpaid amount. How much will the scooter cost him?

Nisha buys an old car for $44,000. She pays $16,000 cash and promises to pay the balance in 28 annual instalments of $ 1000 each along with interest due on unpaid. If the interest is charged at 10%, what will the car cost her ?

A man starts repaying a loan as first instalment of Rs. 100. If he increases the instalment by Rs 5 every month, what amount he will pay in the 30th instalment?

A T.V. can be purchased for Rs 24000 cash or for Rs 8000 cashdown payment and six monthly instalments of Rs 2800 each. Ali goes to market to buy TV under instalment scheme or to make cash payment by taking loan from some finanancial society. The society charges simple interest at the rate of 18% per annum simple interest. Which option is better for Ali?

Calculate the amount and compound interest on Rs. 25,000 for 1 1/2 years at 12% per annum compounded annually.

Aman deposited Rs 10000 in a bank at the rate of 5% simple interest annually. Find the amount in 15th year since he deposited the amount and also calculate the total amount after 20 years.

OMEGA PUBLICATION-SEQUENCE AND SERIES -IMPORTANT QUESTIONS FROM MISCELLANEOUS EXERCISE
  1. If f(x) is a function satisfying f(x+y)=f(x)f(y) for all xy in n such ...

    Text Solution

    |

  2. The sum of some terms of GP. is 315 whose first term and the common ra...

    Text Solution

    |

  3. The sum of three numbers in G.P. is 56. If we subtract 1, 7, 21 from t...

    Text Solution

    |

  4. A GP. consists of an even number of terms. If the sum of all the terms...

    Text Solution

    |

  5. If (a+bx)/(a-bx) =(b+cx)/(b-cx) =(c + dx)/(c-dx) (x ne 0), then show t...

    Text Solution

    |

  6. If a(1/b +1/c) , b(1/c +1/a), c(1/a + 1/b) are in A.P. Prove that a,b,...

    Text Solution

    |

  7. If a,b,c,d are in G.P., prove that (a^(n) + b^(n)), (b^(n) + c^(n)), (...

    Text Solution

    |

  8. The ratio of the.A.M. and G.M. of two positive numbers a and b is m : ...

    Text Solution

    |

  9. Find the sum to.n terms of the following series 5+ 55 + 555+………..

    Text Solution

    |

  10. Find the sum to n terms 0.6 + 0.66 + 0.666 + ………..

    Text Solution

    |

  11. The sum of first 9 terms of the series (1^(3))/(1)+(1^(3)+2^(3))/(1+3)...

    Text Solution

    |

  12. Find the sum of first n terms of the series. 3+7 + 13 + 21 + 31 + ……...

    Text Solution

    |

  13. If S(1), S(2), S(3) are the sum of first n natural numbers, their squa...

    Text Solution

    |

  14. Show that : (1 xx 2^2+2 xx 3^2+. .+n xx(n+1)^2)/(1^2 xx 2+2^2 xx 3+. ...

    Text Solution

    |

  15. Let S be the sum, P the product and R the sum of reciprocals of n term...

    Text Solution

    |

  16. A farmer, buys a used tractor for Rs.. 12000. He pays Rs.6000 cash and...

    Text Solution

    |

  17. Shamshad Ali buys a scooter for Rs 22000 He pays Rs. 4000 cash And ag...

    Text Solution

    |

  18. A manufacturer reckons that the value of a machine, which costs him Rs...

    Text Solution

    |

  19. Dipesh writes letters to four of his friends. He asks each of them to ...

    Text Solution

    |

  20. Find the sum of the sequence 7, 77, 777, 7777,.....up to n terms.

    Text Solution

    |