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Instalment Buying — Chapter Summary

NIOS · Class 10 · Maths

Summary of Instalment Buying for NIOS Class 10 Maths. Part of the NIOS Class 10 Maths syllabus. Instalment buying is a method of purchasing costly.

29 questions25 flashcards7 formulas & key relations5 concepts

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A diagram illustrating the relationship between Cash Price, Cash Down Payment, Instalments, and Interest in an instalment buying scheme. Show an item (e.g., a TV) being purchased.
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One of 6 illustrations for Instalment Buying in Super Tutor — alongside flashcards, concept maps and practice questions.

Overview

Instalment buying is a method of purchasing costly articles by paying a part of the price at once and the remaining amount in regular instalments. The customer takes the article for use after making the cash down payment and pays the balance later. The extra amount charged for deferred payment is in

Key Concepts

Cash price is the full amount

Cash price is the full amount paid at once for an article at the time of purchase.

Cash down payment is the part

Cash down payment is the part paid immediately under an instalment plan when the article is taken away for use.

An instalment is a regular payment

An instalment is a regular payment made at fixed intervals such as monthly, quarterly, half-yearly, or yearly.

This is the extra amount charged

This is the extra amount charged for paying later instead of paying the full cash price immediately. Total interest = Total amount paid under instalme

Simple interest is used for short

Simple interest is used for short-term monthly instalment plans with total time less than a year. The rate is found using Total Principal × (r/100) ×

Learning Objectives

  • Understand the meanings of cash price, cash down payment, instalment, and interest under the instalment plan.
  • Use simple interest methods to find the rate of interest in monthly instalment plans.
  • Find the amount of each instalment when the cash price, down payment, rate of interest, and number of instalments are given.
  • Find the cash price when the down payment, instalments, and rate of interest are known.
  • Apply compound interest methods for annual, semi-annual, and quarterly instalment plans.

Frequently Asked Questions

What are the important topics in Instalment Buying for NIOS Class 10 Maths?
Key topics in Instalment Buying include Core ideas and definitions, Simple interest method for monthly instalments, Compound interest method for instalment buying, Important solved results to remember. Study these first, then practise questions on each for the NIOS Class 10 board exam.
How should I revise Instalment Buying for the NIOS Class 10 board exam?
Learn the core ideas first, then work through the 29 practice questions on Instalment Buying. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Instalment Buying

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