Scroll:Life mathematics >> profit and loss >> saq (4277)


Written Instructions:

For each Multiple Choice Question (MCQ), four options are given. One of them is the correct answer. Make your choice (1,2,3 or 4). Write your answers in the brackets provided..

For each Short Answer Question(SAQ) and Long Answer Question(LAQ), write your answers in the blanks provided.

Leave your answers in the simplest form or correct to two decimal places.



 

1)  

A cost of  a computer is 21126. The company offers it in 60 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




2)  

A cost of  a computer is 29382. The company offers it in 36 months, but charges 6% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




3)  

A cost of  a computer is 14889. The company offers it in 48 months, but charges 6% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




4)  

A cost of  a computer is 48065. The company offers it in 48 months, but charges 10% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




5)  

A cost of  a computer is 46569. The company offers it in 60 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




6)  

A cost of  a computer is 14004. The company offers it in 36 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




7)  

A cost of  a computer is 46701. The company offers it in 36 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




8)  

A cost of  a computer is 38048. The company offers it in 60 months, but charges 7% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




9)  

A cost of  a computer is 32113. The company offers it in 60 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




10)  

A cost of  a computer is 39317. The company offers it in 36 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




 

1)  

A cost of  a computer is 21126. The company offers it in 60 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.

Answer: 1408


SOLUTION 1 :

Given  :

Cost of computer  = 21126

Interest                  = 5%

period                    = 60 months(5year)

Total interest         = (21126 x 5 x 5) ÷100

                                  =   63378

Total amount to be paid     = 63378 + 21126

                                           = 84504

Monthly instalment         = Total amount ÷ Number of months

                                            = 84504 ÷ 60

Monthly instalment       = 1408



2)  

A cost of  a computer is 29382. The company offers it in 36 months, but charges 6% interest. Find the monthly instalment the purchaser has to pay.

Answer: 2579


SOLUTION 1 :

Given  :

Cost of computer  = 29382

Interest                  = 6%

period                    = 36 months(3year)

Total interest         = (29382 x 6 x 3) ÷100

                                  =   63465.12

Total amount to be paid     = 63465.12 + 29382

                                           = 92847.12

Monthly instalment         = Total amount ÷ Number of months

                                            = 92847.12 ÷ 36

Monthly instalment       = 2579



3)  

A cost of  a computer is 14889. The company offers it in 48 months, but charges 6% interest. Find the monthly instalment the purchaser has to pay.

Answer: 1204


SOLUTION 1 :

Given  :

Cost of computer  = 14889

Interest                  = 6%

period                    = 48 months(4year)

Total interest         = (14889 x 6 x 4) ÷100

                                  =   42880.32

Total amount to be paid     = 42880.32 + 14889

                                           = 57769.32

Monthly instalment         = Total amount ÷ Number of months

                                            = 57769.32 ÷ 48

Monthly instalment       = 1204



4)  

A cost of  a computer is 48065. The company offers it in 48 months, but charges 10% interest. Find the monthly instalment the purchaser has to pay.

Answer: 5808


SOLUTION 1 :

Given  :

Cost of computer  = 48065

Interest                  = 10%

period                    = 48 months(4year)

Total interest         = (48065 x 10 x 4) ÷100

                                  =   230712

Total amount to be paid     = 230712 + 48065

                                           = 278777

Monthly instalment         = Total amount ÷ Number of months

                                            = 278777 ÷ 48

Monthly instalment       = 5808



5)  

A cost of  a computer is 46569. The company offers it in 60 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.

Answer: 3105


SOLUTION 1 :

Given  :

Cost of computer  = 46569

Interest                  = 5%

period                    = 60 months(5year)

Total interest         = (46569 x 5 x 5) ÷100

                                  =   139707

Total amount to be paid     = 139707 + 46569

                                           = 186276

Monthly instalment         = Total amount ÷ Number of months

                                            = 186276 ÷ 60

Monthly instalment       = 3105



6)  

A cost of  a computer is 14004. The company offers it in 36 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.

Answer: 1089


SOLUTION 1 :

Given  :

Cost of computer  = 14004

Interest                  = 5%

period                    = 36 months(3year)

Total interest         = (14004 x 5 x 3) ÷100

                                  =   25207.2

Total amount to be paid     = 25207.2 + 14004

                                           = 39211.2

Monthly instalment         = Total amount ÷ Number of months

                                            = 39211.2 ÷ 36

Monthly instalment       = 1089



7)  

A cost of  a computer is 46701. The company offers it in 36 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.

Answer: 5500


SOLUTION 1 :

Given  :

Cost of computer  = 46701

Interest                  = 9%

period                    = 36 months(3year)

Total interest         = (46701 x 9 x 3) ÷100

                                  =   151311.24

Total amount to be paid     = 151311.24 + 46701

                                           = 198012.24

Monthly instalment         = Total amount ÷ Number of months

                                            = 198012.24 ÷ 36

Monthly instalment       = 5500



8)  

A cost of  a computer is 38048. The company offers it in 60 months, but charges 7% interest. Find the monthly instalment the purchaser has to pay.

Answer: 3297


SOLUTION 1 :

Given  :

Cost of computer  = 38048

Interest                  = 7%

period                    = 60 months(5year)

Total interest         = (38048 x 7 x 5) ÷100

                                  =   159801.6

Total amount to be paid     = 159801.6 + 38048

                                           = 197849.6

Monthly instalment         = Total amount ÷ Number of months

                                            = 197849.6 ÷ 60

Monthly instalment       = 3297



9)  

A cost of  a computer is 32113. The company offers it in 60 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.

Answer: 2141


SOLUTION 1 :

Given  :

Cost of computer  = 32113

Interest                  = 5%

period                    = 60 months(5year)

Total interest         = (32113 x 5 x 5) ÷100

                                  =   96339

Total amount to be paid     = 96339 + 32113

                                           = 128452

Monthly instalment         = Total amount ÷ Number of months

                                            = 128452 ÷ 60

Monthly instalment       = 2141



10)  

A cost of  a computer is 39317. The company offers it in 36 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.

Answer: 4631


SOLUTION 1 :

Given  :

Cost of computer  = 39317

Interest                  = 9%

period                    = 36 months(3year)

Total interest         = (39317 x 9 x 3) ÷100

                                  =   127387.08

Total amount to be paid     = 127387.08 + 39317

                                           = 166704.08

Monthly instalment         = Total amount ÷ Number of months

                                            = 166704.08 ÷ 36

Monthly instalment       = 4631