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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 12% per annum, how much cash should he pay?
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
interest Mcqs · Easy · 3 weeks ago
Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ?
A. Rs. 992
B. Rs. 1112
C. Rs. 1056
D. Rs. 1182
interest Mcqs · Easy · 3 weeks ago
A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:
A. Rs.750
B. Rs.700
C. Rs.940
D. Rs.820
interest Mcqs · Easy · 3 weeks ago
A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :
A. Rs.3100
B. Rs.2700
C. Rs.2200
D. Rs.1800
interest Mcqs · Easy · 3 weeks ago
You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate
A. 6%
B. 5%
C. 7%
D. 8%
interest Mcqs · Easy · 3 weeks ago
How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?
A. 65 years
B. 56 years
C. 45 years
D. 57 years
interest Mcqs · Easy · 3 weeks ago
What is the rate of interest at which Rs.150 becomes Rs. 220 in 10 years.
A. 11/3%
B. 14/3%
C. 12%
D. 14%
interest Mcqs · Easy · 3 weeks ago
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?
A. Rs. 700
B. Rs. 690
C. Rs. 650
D. Rs. 698
interest Mcqs · Easy · 3 weeks ago
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