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 21152. The company offers it in 36 months, but charges 7% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




2)  

A cost of  a computer is 23104. The company offers it in 60 months, but charges 10% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




3)  

A cost of  a computer is 18968. The company offers it in 48 months, but charges 8% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




4)  

A cost of  a computer is 14486. The company offers it in 36 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




5)  

A cost of  a computer is 12282. 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 11238. The company offers it in 24 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




7)  

A cost of  a computer is 31872. The company offers it in 48 months, but charges 7% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




8)  

A cost of  a computer is 13173. The company offers it in 72 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




9)  

A cost of  a computer is 49242. The company offers it in 60 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




10)  

A cost of  a computer is 42573. The company offers it in 48 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.


Answer:_______________




 

1)  

A cost of  a computer is 21152. The company offers it in 36 months, but charges 7% interest. Find the monthly instalment the purchaser has to pay.

Answer: 2068


SOLUTION 1 :

Given  :

Cost of computer  = 21152

Interest                  = 7%

period                    = 36 months(3year)

Total interest         = (21152 x 7 x 3) ÷100

                                  =   53303.04

Total amount to be paid     = 53303.04 + 21152

                                           = 74455.04

Monthly instalment         = Total amount ÷ Number of months

                                            = 74455.04 ÷ 36

Monthly instalment       = 2068



2)  

A cost of  a computer is 23104. The company offers it in 60 months, but charges 10% interest. Find the monthly instalment the purchaser has to pay.

Answer: 2695


SOLUTION 1 :

Given  :

Cost of computer  = 23104

Interest                  = 10%

period                    = 60 months(5year)

Total interest         = (23104 x 10 x 5) ÷100

                                  =   138624

Total amount to be paid     = 138624 + 23104

                                           = 161728

Monthly instalment         = Total amount ÷ Number of months

                                            = 161728 ÷ 60

Monthly instalment       = 2695



3)  

A cost of  a computer is 18968. The company offers it in 48 months, but charges 8% interest. Find the monthly instalment the purchaser has to pay.

Answer: 1913


SOLUTION 1 :

Given  :

Cost of computer  = 18968

Interest                  = 8%

period                    = 48 months(4year)

Total interest         = (18968 x 8 x 4) ÷100

                                  =   72837.12

Total amount to be paid     = 72837.12 + 18968

                                           = 91805.12

Monthly instalment         = Total amount ÷ Number of months

                                            = 91805.12 ÷ 48

Monthly instalment       = 1913



4)  

A cost of  a computer is 14486. The company offers it in 36 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.

Answer: 1127


SOLUTION 1 :

Given  :

Cost of computer  = 14486

Interest                  = 5%

period                    = 36 months(3year)

Total interest         = (14486 x 5 x 3) ÷100

                                  =   26074.8

Total amount to be paid     = 26074.8 + 14486

                                           = 40560.8

Monthly instalment         = Total amount ÷ Number of months

                                            = 40560.8 ÷ 36

Monthly instalment       = 1127



5)  

A cost of  a computer is 12282. The company offers it in 60 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.

Answer: 819


SOLUTION 1 :

Given  :

Cost of computer  = 12282

Interest                  = 5%

period                    = 60 months(5year)

Total interest         = (12282 x 5 x 5) ÷100

                                  =   36846

Total amount to be paid     = 36846 + 12282

                                           = 49128

Monthly instalment         = Total amount ÷ Number of months

                                            = 49128 ÷ 60

Monthly instalment       = 819



6)  

A cost of  a computer is 11238. The company offers it in 24 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.

Answer: 1480


SOLUTION 1 :

Given  :

Cost of computer  = 11238

Interest                  = 9%

period                    = 24 months(2year)

Total interest         = (11238 x 9 x 2) ÷100

                                  =   24274.08

Total amount to be paid     = 24274.08 + 11238

                                           = 35512.08

Monthly instalment         = Total amount ÷ Number of months

                                            = 35512.08 ÷ 24

Monthly instalment       = 1480



7)  

A cost of  a computer is 31872. The company offers it in 48 months, but charges 7% interest. Find the monthly instalment the purchaser has to pay.

Answer: 2895


SOLUTION 1 :

Given  :

Cost of computer  = 31872

Interest                  = 7%

period                    = 48 months(4year)

Total interest         = (31872 x 7 x 4) ÷100

                                  =   107089.92

Total amount to be paid     = 107089.92 + 31872

                                           = 138961.92

Monthly instalment         = Total amount ÷ Number of months

                                            = 138961.92 ÷ 48

Monthly instalment       = 2895



8)  

A cost of  a computer is 13173. The company offers it in 72 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.

Answer: 1369


SOLUTION 1 :

Given  :

Cost of computer  = 13173

Interest                  = 9%

period                    = 72 months(6year)

Total interest         = (13173 x 9 x 6) ÷100

                                  =   85361.04

Total amount to be paid     = 85361.04 + 13173

                                           = 98534.04

Monthly instalment         = Total amount ÷ Number of months

                                            = 98534.04 ÷ 72

Monthly instalment       = 1369



9)  

A cost of  a computer is 49242. The company offers it in 60 months, but charges 9% interest. Find the monthly instalment the purchaser has to pay.

Answer: 5252


SOLUTION 1 :

Given  :

Cost of computer  = 49242

Interest                  = 9%

period                    = 60 months(5year)

Total interest         = (49242 x 9 x 5) ÷100

                                  =   265906.8

Total amount to be paid     = 265906.8 + 49242

                                           = 315148.8

Monthly instalment         = Total amount ÷ Number of months

                                            = 315148.8 ÷ 60

Monthly instalment       = 5252



10)  

A cost of  a computer is 42573. The company offers it in 48 months, but charges 5% interest. Find the monthly instalment the purchaser has to pay.

Answer: 3016


SOLUTION 1 :

Given  :

Cost of computer  = 42573

Interest                  = 5%

period                    = 48 months(4year)

Total interest         = (42573 x 5 x 4) ÷100

                                  =   102175.2

Total amount to be paid     = 102175.2 + 42573

                                           = 144748.2

Monthly instalment         = Total amount ÷ Number of months

                                            = 144748.2 ÷ 48

Monthly instalment       = 3016