Home

Current Af f airs
E nglish

P apers

Downloads

Quiz

Aptitude

Notif ications

Installments:8QuestionsRepeatedinthe
Exams
Publishedon2/27/201602:20:00PM

ShareonFacebook

ShareonTwitter

ShareonGoogle+

Hireaders,
Frompast4yearsIamanalyzingthepaperpatternofvariouscompetitiveexams,inevery
examyouwillfindatleast1questionfromthischapter.Fewquestionsarerepeatedevery
year.TodayIamsharingallthosequestions.

Ques1.
AnelectricironissoldforRs110cashorRs50cashdownpaymentfollowedby
Rs62afteramonth.Findtherateofinterestchargedundertheinstallmentplan.

Ans1.Presentworthoftheamounttobepaidininstallment=Rs(11050)=Rs60
Lettherateofinterestber%p.a.
AfteramonththeworthofRs60wouldbe:Rs(60+20xr/100x1/12)
But60+r/20=62
r=(6260)20=40%p.a.

Ques2.
AloanofRs2550istobepaidbackintwoequalhalfyearlyinstallments.How
muchiseachinstallmentiftheinterestiscompoundedhalfyearlyat8%p.a.?

Ans2.Presentworthofloan=Rs2550
LeteachinstallmentbeRsx.

Ques3.
Kusumborrowedmoneyandreturneditin3equalquarterlyinstallmentsof
Rs.4630.50each.Whatsumhadsheborrowediftherateofinterestwas20%p.a.
compoundedquarterly?Findalsothetotalinterestcharged.

Ans3.Usingtheconceptofpresentworthwehave:

Ans3.Usingtheconceptofpresentworthwehave:

Totalvalueofthethreeinstallment=Rs(4630.50x3)=Rs13891.50
Totalinterestcharged=Rs(13891.5012610)=1281.50.

Ques4.
AsteelcontainerissoldatRs120cashorRs25ascashdownpaymentand
Rs.25amonthfor4months.Therateofinterestperannumchargedunderthe
installmentplanis.
(a)26.09%
(b)24.09%
(c)20%
(d)23.25%

Ans4.26.09%
Hint:Presentworthofthebalanceamounttobepaid=Rs(12025)=Rs95
WorthofRs95after4months=

Ques5.
AsumofRs7500istobepaidbackinthreeequalannualinstallments.Howmuch
iseachinstallmentiftheinterestiscompoundedannuallyat4%p.a.?
(a)Rs.1000.05
(b)Rs981.65
(c)Rs163.58
(d)Rs2701.61

Ans5.2701.61
Hint:7500=

Ques6.
Amanborrowsmoneyoncompoundinterestandreturnitintwoequalhalf
yearlyinstallmentsofRs4410each.Findtheinterestchargediftherateof
interestis10%p.a.compoundedhalfyearly.
(a)Rs600
(b)Rs720
(c)Rs620
(d)Rs660

Ans6.RS620
Hint:Sumborrowed

Ques7.
Sunderborrowedmoneyandreturneditin3equalquarterlyinstallmentsofRs.
17576each.Whatsumhadheborrowediftherateofinterestwas16%p.a.
compoundedquarterly?
(a)Rs50000
(b)Rs48786
(c)Rs48775
(d)Noneofthese

Ans7.48775
Hint:Requiredsum=

Ques8.
AloanofRs8400istobepaidintwoequalhalfyearlyinstallmenttheinterest
beingchargedat10%perannumcompoundedhalfyearly.Findeach
installment(approx).
(a)Rs4450
(b)Rs4400
(c)Rs4850
(d)Rs4500

Ans8.4500

FreeNoteswithQuestionBank
FollowQuantitativeAptitudeGuide

Like

Share 16,620peoplelikethis.SignUptosee
whatyourfriendslike.

ReadRailwaysExamNotes

Join40,000+readersandgetfreenotesinyouremail

Enteryouremailaddress...

Labels:quant

Join

1Comment
Recommend

BankExamsToday

Share

Login

SortbyNewest

Jointhediscussion
MukeshKumar 2hoursago

Wowthnx

Reply Share

WHAT'STHIS?

ALSOONBANKEXAMSTODAY

BankingAwarenessQuiz:Part103

InsuranceQuizforLICAAO

1comment5hoursago

10comments2daysago

Pelurikshawala.ThanksThistypeof

sruthithankyousir..pleaseprovide

quizisveryhelpful.Hopetoseemore
quizeslikethis.

likethesequestionseveryday...

CurrentAffairsfor26February2016

ScienceQuizforSSCandRRBPart5

8commentsadayago

3commentsadayago

sruthithankyousir

Subscribe

NewerPost

Pelurikshawala.Thanks

AddDisqustoyoursiteAddDisqusAdd

Home

Privacy

OlderPost

Loading...

GeteBooks(Notes)
MarketingAwarenessRs30
ComputerAwarenessRs40
DescriptivePaperRs30
BankingAwarenessRs40
CompletepackageRs250
DataInterpretationRs40

Sponsors

AboutMe

My name is Ramandeep Singh. I

love to help people preparing for
Bank exams.
Join40,000studentsandgetfree
notesinPDF
Enteryouremailaddress...

Join

Wanttoshareanythingwithus?
Youcanreachusat

raman@bankexamstoday.com

CreditCardnot
approved?
HighCreditScoreMay
ChangeThat.CheckYour
ScoreOnlineforRs550/

MonthlyGKDigest
Dec2015
Nov2015
GKDigest2015
October2015
September2015
August2015Digest
July2015
JuneDigest
Maydigest
April2015Digest

HOM E

ABOUT

S I TE M AP

J O B S @ B A N K E X A M S T O D AY

C O N TA C T M E
MadewithinLudhiana
Copyright2016BankExamsToday.AllRightsReserved.AuthoredByRamandeepSingh