A man buys a watch for Rs. 2825 in cash and sells it for Rs. 3300 at a credit of 1 year. If the rate of interest is 15% per annum, the man:

A man buys a watch for Rs. 2825 in cash and sells it for Rs. 3300 at a

1.	A man buys a watch for Rs. 2825 in cash and sells it for Rs. 3300 at a credit of 1 year. If the rate of interest is 15% per annum, the man:
A.	Rs. 150
B.	Rs. 175.
C.	Rs. 475
D.	Rs. 500
Answer» C. Rs. 475

Discussion

No Comment Found

Related MCQs

The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.
The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.
If Rs.20 is the True Discount on Rs260due after a certain time.What wil be true discount on the same sum due after half of the former time, the rate of interest being the same?
The true discount on a bill due 9 months hence at 12% per annum is Rs. Find the amount of the bill and its present worth.
A bill falls due in 1 year.The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years.By this arrangement ins Rs.40.what is the amount of the bill,if he money be worth 12.5%?
If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is ?
The True discount on Rs1760 due after a certain time at 12% per annum is Rs160. The time after which it is due is?
The interest on Rs.750 for 2yrs is the same as the True Discount on Rs.960 due 2yrs hence . If the rate of interest is same in both cases,it is:
The Present worth of Rs.2310 due 2 1/2 years hence ,the rate of interest being 15% per annum, is :
The banker s discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is

A man buys a watch for Rs. 2825 in cash and sells it for Rs. 3300 at a credit of 1 year. If the rate of interest is 15% per annum, the man:

Discussion

No Comment Found

Related MCQs

Reply to Comment