P owes Q Rs.455 payable 4 months hence and Q owes P Rs.450 payable 2 months hence. If they agree to settle their account what sum should be paid over and to whom reckoning the rate of true discount p.a
Correct Answer : C
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.