A owes B a sum of Rs.5000 to be paid 6 months from today. If simple interest @12% p.a. is calculated, what sum shall A have to pay B, 4 months from now in full discharge of the debt?
Correct Answer : D
A radio can be brought for Rs.2000 cash or for Rs.2200 on 5 months credit. Find the interest rate p.a. Consider simple interest.
Instead of a metre scale, a cloth merchant uses a 120 cm scale while buying, but uses an 80 cm scale while selling the same cloth. If he offers a discount of 20 percent on cash payment, what is his overall percent profit?
Find the S.I. for Rs.2500 for 73 days at 6 % p.a.