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Installment 
 
Problem : 1 [ Installment ]       Solve this type of problem
1. A briefcase is available for Rs 800 cash or for Rs 500 cash down payment and Rs 320 to be paid after 6 months. Find the rate of intereset charged under the installment plan.
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Problem : 2 [ Installment ]       Solve this type of problem
2. A bicycle is sold for Rs 1800 cash or for Rs 600 cash down payment followed by 2 monthly installmnets of Rs 610 each. Compute the rate of the interest charged under the installment scheme.
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Problem : 3 [ Installment ]       Solve this type of problem
3. A washing machine is available at Rs 6400 cash or for Rs 1400 cash down payment and 5 monthly installments of Rs 1030 each. Calculate the rate of interest charged under the instalment plan.
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Problem : 4 [ Installment ]       Solve this type of problem
4. A computer is sold by a company for Rs 19200 cash or for Rs 4800 cash down payment together with 5 equal monthly installments. If the rate of interest charged by the company is 12 % per annum, find each installment.
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Problem : 5 [ Installment ]       Solve this type of problem
5. A State Government announces sale of flats of Rs 555000 cash or Rs 42750 cash down payment and 3 equal Yearly installments. The Government also charges a nominal interest at the rate of 8 % per annum copuounded as installment plan in this welfare scheme. If one purchases a flat under this installment plan, calculate the value of each installment.
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Problem : 6 [ Installment ]       Solve this type of problem
6. A man borrows money from a finance company and has to pay it back in 2 equal Half Yearly installments of Rs 4945 each. If the interest is charged by the finance company at the rate of 15 % per annum compounded as installment plan, find the principal and the total interest paid.
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Problem : 7 [ Installment ]       Solve this type of problem
7. A TV set is available for Rs 19650 cash payment or for Rs 3100 cash down payment and 3 equal Yearly installments. If the shopkeeper charges interest at the rate of 10 % per annum compounded as installment plan, calculate the amount of each installment.
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Problem : 8 [ Installment ]       Solve this type of problem
8. Ram borrowed a sum of money and returned it in 3 equal Quarterly installments of Rs 17576 each. Find the sum borrowed, if the rate of interest charged was 16 % per annum compounded as installment plan. Find also the total interest charged.
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