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Your elder brother wants to buy a car and plans to take loan from a bank for his car. He repays his total loan of Rs 1,18,000 by paying every month starting with the first instalment of Rs 1000. If he increases the instalment by Rs 100 every month , answer the following:
Question 1
The amount paid by him in 30
th
installment is
(a) 3900
(b) 3500
(c) 3700
(d) 3600
Question 2
The amount paid by him in the 30 installments is
(a) 37000
(b) 73500
(c) 75300
(d) 75000
Question 3
What amount does he still have to pay offer 30th installment?
(a) 45500
(b) 49000
(c) 44500
(d) 54000
Question 4
If total installments are 40 then amount paid in the last installment?
(a) 4900
(b) 3900
(c) 5900
(d) 9400
Question 5
The ratio of the 1
st
installment to the last installment is
(a) 1 : 49
(b) 10 : 49
(c) 10 : 39
(d) 39 : 10
