Which of the schemes is best for the customer in terms of total amount to be paid?

80 %

Finance Scheme

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

100 %

Finance Scheme

No worries! We‘ve got your back. Try BYJU‘S free classes today!

0 %

Interest Scheme

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All are equally good

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A $80 %$ Finance Scheme
$\Rightarrow$ In given three schemes, $80 %$ Finance schemes is best for the customer.
$\Rightarrow$ Because total amount to be paid is less in $80 %$ scheme compare to $100 %$ and $0 %$ finance schemes.

Suggest Corrections

Similar questions

Q. What is the interest paid in the

80 %

Finance scheme?

Volkswagen decides to sell its best-selling car under following different schemes:

Scheme	Selling Price	Initial Payment	Processing Fee	Rate of Interest	Duration
$80 %$ Finance	Rs. $4, 00,000$	$20 %$	$0.5 %$	$10 %$	$2$ years
$100 %$ Finance	Rs. $4, 00,000$	$0 %$	$1 %$	$12.5 %$	$1$ years
$0 %$ Interest	Rs. $4, 00,000$	$3$ EMIs in advance	$1 %$	$0 %$	$2$ years

What is the total amount that need to be paid in the

100 %

Finance Scheme?

Q. The cost price of a washing machine is

18, 940

. The table given below illustrates various schemes to purchase the washing machine through installments. Choose the best scheme to purchase.

Sl. No.	Different schemes	S.P. in	Initial payments	Rate of interest	Processing fee	Period
(i)	$75$ % Finance	$18, 940$	$25$ %	$12$ %	$1$ %	$24$ months
(ii)	$100$ % Finance	$18, 940$	Nil	$16$ %	$2$ %	$24$ months
(iii)	$0$ % Finance	$18, 940$	$4$ E.M.I. in advance	Nil	$2$ %	$24$ months

Calculate the E.M.I. and the total amount for the above schemes.

Q. The Union Government has recently allowed which scheme for Small Finance Banks and Payments Banks?

Q63. Consider the following statements about Adivasi Mahila Sashaktikaran Yojana:

1. It is an exclusive scheme for the economic development of ST women

2. Under the scheme NSTFDC (National Scheduled Tribes Finance and Development Corporation) provides term loan for scheme(s)/ project(s) costing upto Rs.50,000/- per individual unit/profit centre.

Which of the above statements is/are correct?

Join BYJU'S Learning Program

Which of the schemes is best for the customer in terms of total amount to be paid?

The correct option is A 80% Finance Scheme⇒ In given three schemes, 80% Finance schemes is best for the customer.⇒ Because total amount to be paid is less in 80% scheme compare to 100% and 0% finance schemes.

The correct option is A $80 %$ Finance Scheme
$\Rightarrow$ In given three schemes, $80 %$ Finance schemes is best for the customer.
$\Rightarrow$ Because total amount to be paid is less in $80 %$ scheme compare to $100 %$ and $0 %$ finance schemes.