Home
Class 14
MATHS
The market price of refrigerator is Rs 1...

The market price of refrigerator is Rs 10,000. It is available on a cash down payment of 2000 and 9 monthly installment of 1000 each. Find the rate of installment.

A

`30 (1)/(3)%`

B

`32 (1)/(3)% `

C

`30 (2)/(3) % `

D

`33 (1)/(3)% `

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Topper's Solved these Questions

  • HCF (HIGHEST COMMON FACTOR)

    GAGAN PRATAP |Exercise MULTIPLE CHOICE QUESTIONS|49 Videos

  • LCM (LEAST COMMON MULTIPLE)

    GAGAN PRATAP |Exercise Multiple Choice Questions |38 Videos

Similar Questions

Explore conceptually related problems

Abhinav purchases a track suit for ₹ 2400 cash or for ₹ 1000 cash down payments and two monthly instalments of ₹ 800 each. Find the rate of interest:

A washing machine is available for Rs.13,500 cash or Rs.6,500 as cash down payment followed by three monthly instalments of Rs.2,500 each.Find the rate of interest charged under instalment plan.

A cycle costs Rs. 1500. If Rs 350 was paid as case payment and Rest amount was to be paid in 3 monthly installment of Rs. 400 . Find the Rate of Interest.

A computer is available for Rs 39000 cash or Rs 17000 as cash down payment followed by five monthly instalments of Rs 4800 each. What is the rate of interest under the instalment plan? (a) 35.71% p.a. (b) 36.71. p.a. (c) 37.71% p.a. (d) 38.71% p.a.

GAGAN PRATAP -INSTALLMENT -MULTIPLE CHOICE QUESTIONS
  1. A loan is to be returned in two equal instalments, If the rate of inte...

    Text Solution

    |

  2. Subhash purchased a refrigerator on the terms that he is required to p...

    Text Solution

    |

  3. Rajesh purchased a Television which costs Rs. 13240 on the terms that ...

    Text Solution

    |

  4. A person took a loan of Rs. 6000 for 3 years, at 5% per annum compound...

    Text Solution

    |

  5. A person borrowed a certain sum at 10% p.a. for three years, interest ...

    Text Solution

    |

  6. Giri borrowed Rs.16000 from PNB at simple rate of interest. After 3 ye...

    Text Solution

    |

  7. Ankit borrowed Rs. 15000 from bank and returned Rs.6500 after 6 years....

    Text Solution

    |

  8. A man borrowed a sum of Rs.10000 from bank at S.I After 2 years he pai...

    Text Solution

    |

  9. An amount of Rs. 12,000 was borrowed at simple interest, at some inter...

    Text Solution

    |

  10. What annual installment will discharge a debt of Rs.10750 due in 4 yea...

    Text Solution

    |

  11. Rs.32400 Is payable after 6 years. If he wants to pay in 6 equal insta...

    Text Solution

    |

  12. The annual payment of Rs.900 in 5 year @15% p.a. simple interest will ...

    Text Solution

    |

  13. A scooty is sold by an automobile agency for ? 19200 cash or for ? 480...

    Text Solution

    |

  14. An article is sold for ₹ 500 cash or for ₹ 150 cash down payments foll...

    Text Solution

    |

  15. An article is available for Rs.2500 cash for Rs.520 cash down payments...

    Text Solution

    |

  16. A person borrows Rs.10 and return in 11 monthly installment of Rs.1 fo...

    Text Solution

    |

  17. A took a loan from B of Rs. 960 at 6% on a condition that he would pay...

    Text Solution

    |

  18. A mobile can be purchased on cash payment of Rs. 1500. But the same ca...

    Text Solution

    |

  19. The market price of refrigerator is Rs 10,000. It is available on a ca...

    Text Solution

    |

  20. If the price of an article is Rs.9000, If this article is purchased on...

    Text Solution

    |