Suman borrowed Rs. 60,000 to build a bungalow. She pays 10 % S.I. She lets out her bungalow and receives a rent of Rs. 1500 p.m. In how many years will she clear her debt.
Correct Answer : C
If the interest on Rs. 800 exceeds that on Rs. 600 by Rs. 15.50 in 6 months, find the rate percent p.a.
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?