Question
A car with a price of Rs.6,50,000 is bought by making some down payment. On balance, a simple interest of 10% is charged in lump sum and the money is to be paid in 20 equal annual installments of Rs.25,000. How much is the down payment?
ty-ssc
More Simple and compound interest Questions
- Ravi lends Rs. 10,000 to two of his friends. He gives Rs.5,000 to the first at 15% p.a. simple interest. Ravi wants to make a profit of 20% on the whole. T...
- Mr. X invested Rs. 500 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 12% per annum and ...
- A sum is lent on compound interest for 2 years at 9% p.a. If the compound interest on the sum is Rs.2445.3, find the sum.
- A deposited Rs. 3000 at 10% per annum compound interest in scheme A for 2 years. After 2 years, he deposited total amount at 12% simple interest per annum ...
- A sum of money grows to Rs 9,600 in 2 years when invested at a simple interest rate of 10% per annum. If the same sum of money is invested at the same inte...
- Anjali invested Rs.14000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the...
- A certain sum of money becomes Rs. 1250 in 1 year and 3556 in 3 years at certain rate of simple interest. Find the sum of money invested.
- In what time will Rs. 9000 amount to Rs. 11979 @ 10% compound interest?
- Ramesh invested Rs. (x + 200) in Scheme A at a simple interest rate of 20% p.a. for 2 years, and the interest received is Rs. 800. He then invested Rs. 3x ...
- A certain sum of money becomes Rs. 1500 in 1 year and 2800 in 3 years at certain rate of simple interest. Find the sum of money invested.
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)