Q1. If payment of Rs. 848 after 4 years is to be paid in equal annual installments, if the rate of interest is 4% per annum then each installment will be of _______________rupees.
- 200
- 300
- 400
- 500
Q2. If payment of Rs. 6450 after 4 years is to be paid in equal annual installments, if the rate of interest is 5% per annum then each installment will be of _______________rupees.
- 1500
- 1600
- 1700
- 1800
Q3. If payment of Rs. 4800 after 5 years is to be paid in equal annual installments, if the rate of interest is 10% per annum then each installment will be of _______________rupees
- 800
- 600
- 400
- 700
Q4. If payment of Rs. 1740 after 5 years is to be paid in equal annual installments, if the rate of interest is 8% per annum then each installment will be of _______________rupees.
- 800
- 300
- 400
- 200
Q5. Kamal lends a sum of Rs. 21000 whose interest is paid in 2 annual instalments. If the compound interest is 10% per annum. Find the value of each instalment.
- 12100
- 12200
- 14400
- 14500
Q6. Kamal lends a sum of Rs. 5300 from a bank and promise to pay the amount in 2 annual equal instalments at the rate of 12% per annum. Find the value of each instalment.
- 3132
- 3136
- 3134
- 3135
Q7. Kamal lends a sum of Rs. 5150 from a bank whose interest is paid in 2 annual equal instalments at the rate of 6% per annum. Find the value of each instalment.
- 2806
- 2809
- 2807
- 2808
Q8. A man borrowed a sum of Rs. 13000 from a bank and whose interest is paid in 2 annual equal instalments at the rate of 8% per annum. Find the value of each instalment.
- 7280
- 7290
- 5120
- 5130
Q9. A man lends some money at 5% compound interest and paid two equal instalments of 882. Find the principal amount.
- 1240
- 1640
- 1440
- 1740
Q10. A man lends some money at 10% compound interest and paid two equal instalments of 968. Find the principal amount.
- 1580
- 1780
- 1680
- 1880
Q11. A man borrowed a sum of Rs. 5000 from bank at 20% per annum. He pays back Rs. 2000 at the end of each year. Calculate how much amount he will pay at the end of 3rd year to clear all his dues.
- 1360
- 1460
- 1560
- 1660