India’s No.1 Educational Platform For UPSC,PSC And All Competitive Exam
  • Sign Up
  • Login
  • 0
  • Donate Now

Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:

Option :

Answer:Option 1

Explanation:

Solution:
S.P.=102%ofRs.600=(102100×600)=Rs.612.Now,P.W. = Rs.612andsum=Rs.688.50.T.D.=Rs.(688.50612)=Rs.76.50.Thus,S.I.onRs.612for9monthsisRs.76.50.Rate=(100×76.50612×34)%=1623%



Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.

Current Affairs
Test
Classes
E-Book