Kamal took Rs.6800 as a loan which along with interest is to be repaid in two equal annual instalmments.if the rate of interest is 12 1/2, compounded annually. then the value of each instalment is
1). Rs.8100
2). Rs.4150
3). Rs.4050
4). Rs.4000
A man buys a scooter on making a cash down payment of Rs.16224 and promises to pay two more yearly Instalments of equivalent amount in next two years. If the rate of interest is 4% per annum, compounded yearly, the cash value of the scooter, is
1). Rs.40000
2). Rs.46824
3). Rs.46000
4). Rs.50000
A builder borrows Rs.2550 to be paid back with compound inter- est at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be
1). Rs.1352
2). Rs.1377
3). Rs.1275
4). Rs.1283
A sum of money at compo^ interest will amount to Rs.650 at the end of the first year and Rs.676 at the end of second year. The amount of money is
1). Rs.1.300
2). Rs.650
3). Rs.1.250
4). Rs.625
A sum becomes Rs.4500 after 2 years and Rs.6750 after 4 years at compound Interest.The sum is :
1). Rs.4000
2). Rs.2500
3). Rs.3000
4). Rs.3050