Installment Purchase 180624

Janet bought a handphone brand X for RM2100. She paid a 10% as down payment. Find the original balance.

• RM 1790

• RM 1890

• RM 1880

• RM 1800

Tags

CCSS.6.RP.A.3C

A smart TV was on sell for RM 5888. Henry paid RM 888 as down payment. The balance payable in equal monthly installments over 12 months. The interest rate charge was 3% per annum on the original balance, find the interest charged.

• RM 150

• RM 200

• RM 180

• RM 160

Tags

CCSS.7.RP.A.3

Valerie took a loan of RM 20000 as a flat rate of 10% per annum from the bank. She repaid the loan by making 24 monthly installment and interest charge is RM 4000. Calculate the monthly payment.

• RM 1200

• RM 1400

• RM 1000

• RM 1500

Tags

CCSS.8.EE.C.7B

Ahmad intends to buy a smart watch priced at RM 1580 on monthly installment basis. He has to pay RM 380 as down payment and settle the balance within 12 months. If the interest rate is 2% on reducing balance, find the interest charged.

• RM 3

• RM 7

• RM 17

• RM 13

Tags

CCSS.HSF.BF.A.2

The total interest charged on a 7 years car loan is RM 8000. Calculate the interest that was unearned by the lender if the car loan was settled just after 75th monthly payment.

• RM 102.74

• RM 100.84

• RM 102.84

• RM 101.74

Adelle bought a washing machine for RM 3000. Through an installment scheme, she paid a down payment of RM150 and the balance was settled by paying RM180 each month for 2 years. Obtaining interest charged that is RM 1470. By using the rule of 78, determine the outstanding balance immediately after 15th payment.

• RM 1388.50

• RM 1399.50

• RM 1340.50

• RM 1390.50