A has to pay Rs.220 to B after 1 year .B asks A to pay Rs.110 in each cash and defer the payment of Rs.110 for 2 years. A agree to it .if the rate of interest be 10% per annum, in this mode of payment

1. There is no gain or lose to any one

2. A gains Rs7.34

3. A loses Rs. 7.34

4. A gains Rs11

View Answer

Correct Answer :

A gains Rs7.34

Explanation :
No Explanation available for this question

Mr. Thomas invested an amount of Rs. 13,900 devided 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

1. Rs. 6400

2. Rs. 6500

3. Rs. 7200

4. Rs. 7500

5. None of these

View Answer

Correct Answer :

Rs. 6400

Explanation :
No Explanation available for this question

Rs. 20 is the true discount on Rs 250 due after a certain time .What will be the true discount on the same sum due after half of the former time, The rate of interest being the sum

1. Rs. 10

2. Rs.10.40

3. Rs.15.20

4. Rs.13

View Answer

Correct Answer :

Rs.10.40

Explanation :
No Explanation available for this question

A sum of Rs. 2600 is lent out I two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another at 9% for 6 years. The sum lent out at 10% is

1. Rs. 1150

2. Rs. 1250

3. Rs. 1350

4. Rs. 1450

View Answer

Correct Answer :

Rs. 1350

Explanation :
No Explanation available for this question

The true discount on a bill of Rs. 540 in Rs. 90. The banker’s discount is

1. Rs. 60

2. Rs. 108

3. Rs. 110

4. Rs. 112

View Answer

Correct Answer :

Rs. 108

Explanation :
No Explanation available for this question

A sum of Rs.1550 was lent partly at 5% and partly at 8% p.a. simple interest. The total interest received after 3 years was Rs. 3000. The ratio of the money lent at 5% to that lent at 8% is

1. 5:8

2. 8:5

3. 16:15

4. 31:6

View Answer

Correct Answer :

16:15

Explanation :
No Explanation available for this question

The areas of the three adjacent faces of a rectangular box which meet in a point are known. The product of these areas is equal to:

1. The volume of the box

2. Twice the volume of the box

3. The square of the volume of the box

4. The cube root of the volume of the box

View Answer

Correct Answer :

The square of the volume of the box

Explanation :
No Explanation available for this question

A man lends Rs. 10,000 in four parts. If he gets 8% on Rs. 2000; 7(1/2)% on Rs. 4000 and 8(1/2)% on Rs. 1400; what percent must he gets for the remainder, if his average annual interest is 8.13%

1. 7%

2. 9%

3. 9(1/4)%

4. 10(1/2)%

View Answer

Correct Answer :

9\%

Explanation :
No Explanation available for this question

An amount of Rs. 1,00,000 is invested in two types of shares. The first yields an interest of 9% p.a. and the second, 11% p.a. If the total interest at the end of one year is 9(3/4)%, then the amount invested in each share was

1. Rs. 52,500; Rs. 47,500

2. Rs. 62,500; Rs. 37,500

3. Rs. 72,000; Rs. 27,500

4. Rs. 82,5000; Rs. 17,500

View Answer

Correct Answer :

Rs. 62,500; Rs. 37,500

Explanation :
No Explanation available for this question

The present worth of a certain bill due sometime hence is Rs. 800 and the true discount isRs. 36. The banker’s discount is

1. Rs. 37

2. Rs. 37.62

3. Rs. 34.38

4. Rs. 38.98

View Answer

Correct Answer :

Rs. 37.62

Explanation :
No Explanation available for this question

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