6.A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should he pay ? A) Rs. 9025.20 B) Rs. 9200 C) Rs. 9600 D) Rs. 9560 View Answer Report DiscussAnswer: Option BExplanation:
7.The present worth of Rs. 1404 due in two equal half-yearly instalments at 8% per annum simple interest is : A) Rs. 1325 B) Rs. 1300 C) Rs. 1350 D) Rs. 1500 View Answer Report DiscussAnswer: Option AExplanation:
8.Goods were bought for Rs. 600 and sold the same day for Rs. 688.50 at a credit of 9 months and thus gaining 2%, The rate of interest per annum is : A) 16(2/3)% B) 14(1/2)% C) 13(1/3)% D) 15% View Answer Report DiscussAnswer: Option AExplanation:
9.A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other at a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer ? A) Rs. 12,000 in cash B) Rs. 12,880 at credit C) Both are equally good View Answer Report DiscussAnswer: Option AExplanation:
10.If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is : A) Rs. 20 B) Rs. 21.81 C) Rs. 22 D) Rs. 18.33 View Answer Report DiscussAnswer: Option DExplanation:
