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Instalment Buying — Flashcards

NIOS · Class 10 · Maths

25 flashcards for Instalment Buying (NIOS Class 10 Maths) to test yourself on key terms and facts. Sample: "A television set is sold for ₹20000 cash"

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.

25 Flashcards·
Rate of interestAmount of instalmentNumber of instalmentsMethod selection
Card 1Rate of interest

A television set is sold for ₹20000 cash or for ₹6000 as cash down payment followed by ₹16800 after six months. Find the rate of interest charged under the instalment plan.

Answer

Step 1: Cash price = ₹20000 Step 2: Cash down payment = ₹6000 Step 3: Balance = ₹20000 - ₹6000 = ₹14000 Step 4: Present value of ₹16800 after 6 months is ₹14000 Step 5: Use simple interest for 6 month…

Card 2Rate of interest

A table fan is sold for ₹450 cash or ₹210 cash down payment followed by two monthly instalments of ₹125 each. Find the rate of interest charged under the instalment plan.

Answer

Step 1: Total paid = ₹210 + 2 × ₹125 = ₹460 Step 2: Interest paid = ₹460 - ₹450 = ₹10 Step 3: Principal owed each month: - 1st month: ₹450 - ₹210 = ₹240 - 2nd month: ₹240 - ₹125 = ₹115 Step 4: Total p…

Card 3Rate of interest

A microwave oven is available for ₹9600 cash or ₹4000 cash down payment and 3 monthly instalments of ₹2000 each. Find the rate of interest charged under the instalment plan.

Answer

Step 1: Total paid = ₹4000 + 3 × ₹2000 = ₹10000 Step 2: Interest paid = ₹10000 - ₹9600 = ₹400 Step 3: Principal owed each month: - 1st month: ₹9600 - ₹4000 = ₹5600 - 2nd month: ₹5600 - ₹2000 = ₹3600 -…

Card 4Rate of interest

A computer is sold for ₹30000 cash or ₹18000 cash down payment and 6 monthly instalments of ₹2150 each. Find the rate of interest charged under the instalment plan.

Answer

Step 1: Total paid = ₹18000 + 6 × ₹2150 = ₹30900 Step 2: Interest paid = ₹30900 - ₹30000 = ₹900 Step 3: Principal owed each month: - 1st: ₹12000 - 2nd: ₹9850 - 3rd: ₹7700 - 4th: ₹5550 - 5th: ₹3400 - 6…

Card 5Amount of instalment

A ceiling fan is marked at ₹1940 cash or ₹420 cash down payment followed by three equal monthly instalments. If the rate of interest is 16% per annum, find the monthly instalment.

Answer

Step 1: Cash price = ₹1940 Step 2: Cash down payment = ₹420 Step 3: Balance = ₹1940 - ₹420 = ₹1520 Step 4: Let each instalment = ₹x Step 5: Total principal = 3 × 1520 - x(0 + 1 + 2) = 4560 - 3x Step 6…

Card 6Amount of instalment

A computer is available for ₹34000 cash or ₹20000 cash down payment together with 5 equal monthly instalments. If the rate of interest is 30% per annum, calculate the amount of each instalment.

Answer

Step 1: Balance = ₹34000 - ₹20000 = ₹14000 Step 2: Let each instalment = ₹x Step 3: Total principal = 5 × 14000 - x(0 + 1 + 2 + 3 + 4) = 70000 - 10x Step 4: Interest paid = 5x + 20000 - 34000 = 5x - 1…

Card 7Number of instalments

A washing machine costs ₹12000. The buyer pays ₹5200 in advance and the rest in equal monthly instalments of ₹1400. The rate of interest is 12% per annum. How many instalments are paid?

Answer

Step 1: Let number of instalments = n Step 2: Interest charged = 5200 + 1400n - 12000 = 1400n - 6800 Step 3: Principal owed each month adds to ₹20000 Step 4: Use formula: Total principal × (r/100) × (…

Card 8Method selection

When do you use simple interest in instalment buying? Give one worked example.

Answer

Simple interest is used for short-term monthly instalment plans, especially when the total time is less than a year. Example: A television is sold for ₹20000 cash or for ₹6000 down payment followed by…

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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 many flashcards are available for Instalment Buying?
There are 25 flashcards for Instalment Buying covering key definitions, facts and ideas. A few sample cards are shown on this page.
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.

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