Easy Tutorial
For Competitive Exams

A man wants to sell his scooter. There are two offers before him __ one at Rs 11000 cash and the other at Rs 13440 credit to be paid after 9 months , the rate of interest being 16% p.a. Which one is the better offer?

12,220
12,000
10,200
8,400
Explanation:

Present worth of Rs.13,440 due 9months
hence,$\dfrac{100 \times 13440}{100+16 \times \dfrac{9}{12}}$
=Rs.12,000
Clearly Rs.12,000 >Rs.11,000
Hence selling the scooter at Rs.13,440 credit is the better offer
Additional Questions

If the true discount for a sum of ₹ 50000 for a period of 4 yr at a certain rate of interest per annum is ₹ 2000, find the rate of interest.

Answer

The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:

Answer

Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:

Answer

The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:

Answer

A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

Answer

The banker s discount on Rs 1600 at 6% is the same as the true discount on Rs 1624 for the same time and at the same rate .Find the interval of time between the date of discounting and the legally due date.

Answer

If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:

Answer

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

Answer

The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

Answer

A man wants to sell his scooter. There are two offers before him __ one at Rs 11000 cash and the other at Rs 13440 credit to be paid after 9 months , the rate of interest being 16% p.a. Which one is the better offer?

Answer
Share with Friends
Privacy Copyright Contact Us