Question: A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

• 1. gains Rs. 55
• 2. gains Rs. 50
• 3. loses Rs. 30
• 4. gains Rs. 30

Question: The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

• 1. Rs. 1386
• 2. Rs. 1764
• 3. Rs. 1575
• 4. Rs. 2268

Question: 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:

• 1. Rs. 20
• 2. Rs. 21.81
• 3. Rs. 22
• 4. Rs. 18.33

Question: 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?

• 1. Rs. 12,000 in cash
• 2. Rs. 12,880 at credit
• 3. Both are equally good
• 4. Rs. 18.33

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

• 1. 12%
• 2. 13%
• 3. 15%
• 4. 14%

Question: A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

• 1. 0%
• 2. 5%
• 3. 7.5%
• 4. 10%

Question: 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:

• 1. Rs.750
• 2. Rs.700
• 3. Rs.940
• 4. Rs.820

Question: 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 inv

• 1. Rs.3100
• 2. Rs.2700
• 3. Rs.2200
• 4. Rs.1800

Question: You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate:

• 1. 6%
• 2. 5%
• 3. 7%
• 4. 8%

Question: 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?

• 1. 65 years
• 2. 56 years
• 3. 45 years
• 4. 57 years