Installment

Intensive Batch Handouts

COMPOUND INTEREST nearest tens) borrowed was: SSC CGL 11 /

Concept - 1 042022(Evening)
1. A sum of Rs. 210 was taken as a loan. This is to 
be paid back in two equal instalments. If the rate 
of interest be 10% compounded annually, then the
value of each instalment is (SSC CGL Pre)  
   
A) 1,850 B) 1,960

C) 1,760 D) 2,050
A) Rs. 127 B) Rs. 121
6. A man borrowed money and paid back in two
C) Rs. 210 D) Rs. 225
equal annual instalments of Rs. 1,089, at 10%
2. A person borrows Rs. 3,280 to be paid back
compound interest compounded annually for 2
with compound interest at the rate of 5% per an- years. What was the sum (in Rs.) borrowed?
num by the end of 2 years in two equal yearly (SSC MTS 2020)
installments. Then each installment (in rupees) is?
   
        
 
  
(TS SI MAINS 2016) 
A) 1,764 B) 1,880 C) 1,894 D) 1,924 A) 2,178 B) 2,090 C) 1,890 D) 1,800
3. The sum of Rs 4,620 is to be paid back in 2 equal 7. Surekha borrowed a sum of money and returned
installments. How much is each installment (in Rs) it in two equal annual installments of Rs. 5,547
if the interest is compound annually at 10% per 1
annum? (SSC CGL 2021) each. If the rate of interest was 7 % p.a. com-
2
 pounded yearly, then the total interest paid by her
      was: (CGL 2019 Mains)
      
 
A) 2,662 B) 2,420 C) 2,552 D)2,750
4. A loan of Rs.8,925 is to be paid back in two  12 
equal half-yearly installments. How much is each
installment if the interest is compounded half-

yearly at 8% per annum? SSC CHSL 24/05/ A) Rs. 1,144 B) Rs. 1,134
2022 ( Morning ) C) Rs. 1,096 D) Rs. 1,126
8. A loan to be returned in two equal yearly
             instalments. If the rate of interest is 10% p.a.,
  compounded annually and each instalment is Rs.
   6534, then the total interest charged (in Rs.) is:
(SSC CGL 2020)
      
A) Rs.4,372 B) Rs.4,732
C) Rs.4,654 D) Rs.4,564       
5. A sum of money was borrowed and paid back in  
two equal annual instalments of Rs. 980, allowing   
4% compound interest. The sum (in Rs. to the [a] 1728 (b) 1867 (c) 1642 (d) 1579
iRise Academy, SI-Constable, SSC, RRB & Bank Exams. Contact : 9985999335 /9985510325
9. A loan is to be returned in two equal yearly  
instalments. If the rate of interest is 10% p.a. com-
pounded annually and each installment is 
Rs.5,808, then 60% of the total interest (nearest A) 1930 B) 2000
to a Rs.) charged in this scheme is: SSC CGL C) 1860 D) 1970
Tier -2 29/01/2022 14. A man borrows 50,000 from a bank as a loan
and decided to pay it in three annual installments.
      The rate of compound interest is 10% p.a. com-
    pounded annually. The amount of first and sec-
   ond installments are 20,000 and 25,000 respec-
tively. What should be the amount paid by him
    after 3rd year so that, the loan is completely paid?
A) 917 B) 911 C) 913 D) 922
10. The equal annual installment which clears the debt

2
        
of Rs. 7620 due in 3 years at 16 % per annum  
3
compounded is (in Rs.) (AP SI MAINS     
2018)  
2
  16 3 %     
  
A) 3430 B) 2540 A) Rs. 14850 B) Rs. 15850
C) 2700 D) 2600 C) Rs. 14950 D) Rs. 14750
11. Prasad took Rs. 36600 as a loan which along 15. A man buys a scooter on making a cash down
payment of Rs. 16224 and promises to pay two
with interest is to be repaid in three equal annual
more yearly instalments of equivalent amount in
instalments. If the rate of interest is 25% com-
next two years. If the rate of interest is 4% per
pounded annually. then the value of each instal-
annum, compounded yearly, the cash value of the
ment is? scooter, is (SSC CGL Mains)
        
      downpayment
     
  
A) 18750 B) 12500
C) 14200 D) 13600

12. A sum money is paid back in three annual A) Rs. 40000 B) Rs. 46824
C) Rs. 46000 D) Rs. 50000
instalments of Rs. 19965 each, allowing 10% C.I.
16. A mobile phone is available for Rs.79,860 by
compounded annually. The sum borrowed was?
cash payment or by paying cash of Rs.60,000
       as down payment and the remaining amount
  in three equal annual instalments. If the shop-
keeper charges interest at the rate of 10% per
 annum compounded annually, then the amount
 of each instalment (in Rs.) will be: (SSC CHSL
A) 59895 B) 50895 2020)
C) 59560 D) 49650    
13. A man borrowed some money and paid back in 
3 equal installments of Rs. 2160 each. Find total
interest charged if r = 20% CI.
 
       

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 (a) 7,986 (b) 6,789 (c) 6,689 (d) 6,000       
17. Rajesh purchased a Television which costs Rs. 
13240 on the terms that he is required to pay 
some cash down payment followed by Rs. 2794 A) Rs. 32,800 B) Rs. 14,400
at the end of first year, Rs. 6292 at the end of C) Rs. 28,800 D) Rs. 18,800
second year and Rs. 1331 at the end of third 20. A loan of Rs. 34,370 is returned in three annual
year. Interest is charged at the rate of 10% per installments. Second installment is twice of first
annum. Calculate the cash down payment. installment and third installment is 3/4th of sec-
  downpapayment   ond installment. If compound interest rate is 10%
 per annum for whole time. What is the amount of
all three installments?

 
      

      
  
downpayment 
A) Rs. 3000 B) Rs. 4500 
C) Rs. 4000 D) Rs. 2823  
18. Raju borrowed a sum of 42,000 at 10% p.a. 
compound interest and initially planned to repay A) Rs. 6,000, Rs. 12,000, Rs. 9000
it in two equal installments (the installment being B) Rs. 8,000, Rs. 16,000, Rs. 12,000
paid at the end of each year). He actually repaid C) Rs. 7,000, Rs. 14,000, Rs. 10,500
it in three equal installments. What is the differ- D) Rs. 9317, Rs. 18634, Rs. 13975.5
ence between each installment initially planned
and each installment actually paid (round off to SIMPLE INTEREST
the nearest rupee)? 21. A man borrowed Rs. 4500 at 20% p.a. simple
   interest and paid back in 3 equal annual
       instalments. What is the amount of each instal-
ment?
  

 
  
     


A) 1500 B) 2000
A) Rs. 6,226 B) Rs. 7,311
C) 1800 D) 2100
C) Rs. 9,331 D) Rs. 4,993
22. Find annual installment that will discharge a debt
19. Rajat borrowed Rs. 84,000 from dimpal at 20%
of 12900 due in 4 years at the rate of 5% per
p.a. compound interest, compounded annually.
annum SI.
At the end of the first year, he cleared a certain
part of what he borrowed. At the end of the sec-
  
ond year, he repaid thrice the amount which he 
repaid at the end of first year and cleared the A) 2750 B) 2150
entire loan. What is the amount paid at the end of C) 2500 D) 3000
the first year? 23. What annual installment will discharge a debt of
  Rs.9300 due in 5 years at the rate of 12% simple
interest?




 A) Rs.1500 B) Rs.1350
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 C) Rs.1750 D) Rs.1200          
24. The annual payment of Rs. 4000 in 6 years at 
8% p.a. simple interest will discharge a debt of
what amount?
  
  
A) 10% B) 12.5%
      
1 1
  C) 9 % D) 11 %
11 9
A) 24000 B) 26400
29. The price of a T.V. is Rs. 25000. It is available
C) 27200 D) 28800
for a cash down payment of Rs. 7000 and 2
25. A man borrowed certain sum of money at 10%
equal annual instalments of Rs. 10000 each, then
p.a. simple interest and paid back 5 annual in-
find rate of S.I. per annum?
stallments of each Rs. 1500, then find the sum he
borrowed?       
     cash downpayment
   
      
 
A) 9000 B) 7500 7 9
C) 7200 D) 6000 A) 9 % B) 7 %
13 13
26. A T.V. is available for Rs. 35000 cash or Rs.
1 1
12500 down payment allowed by 3 equal an- C) 7 % D) 7 %
14 7
nual installments with 20% p.a. simple interest.
Find each installment amount? 30. The price of a mobile is Rs. 8000. If can also be
purchased down payment of Rs. 5000 and the
       rest 4 equal monthly instalments of Rs. 1000
  each. Find the rate of simple interest?
 
 cash downpayment 
      
A) 8500 B) 7500  
C) 9000 D) 10000
27. Samsung phone is available for Rs. 2500 cash

or Rs. 520 cash down payment allowed by 4 A) 100% B) 200%
equal monthly installments with 25% p.a. simple C) 150% D) 125%
interest find the installments.
Samsung     
 cash downpayment

    

A) 520 B) 450
C) 550 D) None
28. A mobile phone is available for Rs. 20000 cash
or 3 equal annual installments of Rs. 8000 each.
Then find the rate simple interest per annum?

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