A. Rs. 992
B. Rs. 1112
C. Rs. 1056
D. Rs. 1182
A sum of Rs. 800 becomes Rs. 920 in 3 years at simple interest. If the rate of interest is increased by 3%, then the new amount after 3 years will be:
Author: Irza Afzad
A man wants to sell his scooter. There are two offers: Rs. 12,000 in cash or Rs. 12,880 on credit payable after 8 months, with money at 18% per annum. Which is the better offer?
A. Rs. 12,000 in cash
B. Rs. 12,880 at credit
C. Both are equally good
D. Rs. 18.33
The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. What is the amount of the bill?
A. Rs. 1386
B. Rs. 1764
C. Rs. 1575
D. Rs. 2268
A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 on credit for 1 year. If the rate of interest is 10% per annum, what is his gain or loss?
A. gains Rs. 55
B. gains Rs. 50
C. loses Rs. 30
D. gains Rs. 30
The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. After how long is the sum due?
A. 6 months
B. 8 months
C. 9 months
D. 10 months
The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. What is the sum?
A. Rs. 1800
B. Rs. 1450
C. Rs. 1360
D. Rs. 6800
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
A. Rs. 1325
B. Rs. 1300
C. Rs. 1350
D. Rs. 1500
