An old article is available for 12,000 at cash payment or is available for 7,000 cash payment and a monthly instalment of 630 for 8 months. The rate per cent per annum is

An old article is available for 12,000 at cash payment or is availab

1.	An old article is available for 12,000 at cash payment or is available for 7,000 cash payment and a monthly instalment of 630 for 8 months. The rate per cent per annum is
A.	2.1 per cent
B.	3 per cent
C.	3.25 per cent
D.	3.3 per cent
Answer» B. 3 per cent

Discussion

No Comment Found

Related MCQs

A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A person takes a loan of Rs. 200 at 5% simple interest. He returns Rs. 100 at the end of 1 year. In order to clear his dues at the end of 2 years, he would pay:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A and B borrowed Rs. 3000 and Rs. 3200 respectively at the same rate of interest for 21 years. If B paid Rs. 40 more interest than A, find the 2 rate of interest.
In certain years a sum of money is doubled to itself at 61% simple interest per annum, 4then the required time will be
What should be the least number of years in which the simple interest on Rs. 2600 at 62% will be an exact number of rupees ?3
At a simple interest, a sum amounts to 1012 in 21/2 and becomes 1067.20 in 4 yr. What is the rate of interest

An old article is available for 12,000 at cash payment or is available for 7,000 cash payment and a monthly instalment of 630 for 8 months. The rate per cent per annum is

Discussion

No Comment Found

Related MCQs

Reply to Comment