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:

True Discount

1)	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:

A) 16 2/3 %
B) 14 1/2 %
C) 13 1/3 %
D) 15 %

Next

More Question

The true discount on Rs. 1760 due after a certain time at 12 per annum is Rs. 160. The time after which it is due is:

The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:

A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18 per annum. Which is the better offer

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

Rs. 20 is the true discount on Rs. 260 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 same