If the discount on Rs. 3050 be equal to the simple interest on Rs. 300 – McqOptions

MCQOPTIONS

1.	If the discount on Rs. 3050 be equal to the simple interest on Rs. 3000 for the same time. Find the time, the rate of interest being 5% per annum ?
A.	4 months
B.	6 months
C.	3 months
D.	None of these
Answer» B. 6 months

Discussion

No Comment Found

Related MCQs

The present worth of Rs. 2310 due 2 years hence, the rate of interest being 15% per annum, is:
M owes N 3146 payable 11/2 yr hence. Also, N owes M, 2889 payable 6 months hence. If they want to settle the account forthwith, keeping 14% the rate of interest, who should pay and how much ?
$ 20 is the true discount on $ 260 due after a certain time. What will be the true discount on the same amount due after half of the earlier time, the rate of interest being the same.
A fan is listed at $ 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price to $ 1104?
An article is marked 40 % above the cost price and a discount of 30 % is allowed. What is the gain or loss % ?
The true discount on a bill of $ 1260 is due for 6 months at 10 % per annum is:
I want to sell my scooter. There are two offers, One at cash payment of Rs. 8100 and another at a credit of Rs. 8250 to be paid after 6 months. If money being worth 61/4% per annum simple interest, which is the better offer ?
A company offers three types of successive discounts : (i) 25% and 15%, (ii) 30% and 10%, (iii) 35% and 5%. Which offer is the best for a customer?
The difference between a discount of 40% on $ 500 and two successive discounts of 36%, 4% on the same amount is :
Successive discounts of 10 %, 20 % and 30 % is equivalent to a single discount of :