M owes N 3146 payable 1 – McqOptions

MCQOPTIONS

1.	M owes N 3146 payable 1
A.	N should pay 100
B.	N should pay 50
C.	M should pay 100
D.	M should pay 50
E.	None of the above
Answer» B. N should pay 50

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 1<sup>1</sup>/<sub>2</sub> 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 ?
<b>$ 20</b> is the true discount on <b>$ 260</b> 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 <b>$ 1500</b> and a discount of <b>20%</b> is offered on the list price. What additional discount must be offered to the customer to bring the net price to <b>$ 1104?</b>
An article is marked <b>40 % </b>above the cost price and a discount of <b>30 %</b> is allowed. What is the gain or loss % ?
The true discount on a bill of <b>$ 1260</b> is due for <b>6</b> months at <b>10 %</b> 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 6<sup>1</sup>/<sub>4</sub>% per annum simple interest, which is the better offer ?
A company offers three types of successive discounts :<b> (i)</b> 25% and 15%, <b>(ii)</b> 30% and 10%, <b>(iii)</b> 35% and 5%. Which offer is the best for a customer?
The difference between a discount of <b>40%</b> on <b>$ 500 </b>and two successive discounts of <b>36%, 4%</b> on the same amount is :
Successive discounts of <b>10 %</b>, 20 % and <b>30 %</b> is equivalent to a single discount of :