Instalments and its Applications

Which of the following is true about down payment?

The down payment represents a portion of the 

An outstanding Balance is also known as

Which of the following balance helps determine how much much credit (money left to spend) you have available?

Aman opened recurring account for $2.5$ years. Bank paid $\mathrm{Rs}. 4137.50$ on maturity. Rate of interest is $8\%$ per annum. Find monthly instalment.

Ramkali deposits a certain sum of money every month is a Recurring Deposit Account for a period of 12 months. If the bank pays interest at the rate of $8\%$ p.a. and Ramkali gets $\mathrm{Rs}.12,520$ as the maturity value of this account, what sum of money did he pay every month?

Manish opens a Recurring Deposit Account with the Bank of Rajasthan and deposits$₹600$ per month for $20$ months. Calculate the maturity value of this account, if the bank pays interest at the rate of $10\%$per annum.

The cost price of a Yamaha Bike is $₹75000.$ Rahul intends to buy the bike . But he doesn't have the complete budget to purchase it at once . So the dealer presents a new scheme, where Rahul can pay a down payment of $₹15000$ initially, and pay the remaining amount in monthly instalments of $₹2000$, for a period of two and a half years. But the condition is that he will need to pay an annual additional Simple Interest of $20\%$ for each year. How much amount does Rahul need to pay eventually for the bike.