Question : A man buys a TV priced at Rs. 16,000. He pays Rs. 4,000 at once and the rest after 15 months on which he is charged as simple interest at the rate of 12% per year. The total amount he pays for the TV is:
Option 1: Rs. 18,200
Option 2: Rs. 17,800
Option 3: Rs. 16,800
Option 4: Rs. 17,200
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Rs. 17,800
Solution : The price of the TV is Rs. 16,000. Initially paid Rs. 4,000. So, the remaining amount is = (16000 – 4000) = Rs. 12,000 We know, simple interest = $\frac{\text{Principal × Rate × Time}}{100}$ So, interest on the amount of Rs. 12,000 for 15 months at the rate of 12% per year = $\frac{12000×12×15}{100×12}$ = Rs. 1,800 $\therefore$ The total amount he pays for the TV = (4000 + 12000 + 1800) = Rs. 17,800 Hence, the correct answer is Rs. 17,800.
Candidates can download this e-book to give a boost to thier preparation.
Application | Eligibility | Admit Card | Answer Key | Preparation Tips | Result | Cutoff
Question : A certain sum was invested at the rate of 10% for 2 years at Compound interest and compounded annually. The same sum was invested for the same period and the same rate of interest at Simple interest. If the difference between Compound interest and Simple interest was Rs. 200 find the sum.
Option 1: Rs. 30,000
Option 2: Rs. 25,000
Option 3: Rs. 22,000
Option 4: Rs. 20,000
Question : A man borrowed a certain sum of money at the rate of 10% per annum simple interest for the first three years and 15% per annum simple interest for the period beyond three years. If he pays a total interest of INR 2,884.50 at the end of 7 years, then the sum of money (in INR) that he borrowed is:
Option 1: 3,860
Option 2: 3,090
Option 3: 4,550
Option 4: 3,205
Question : A person borrows Rs. 20000 at the rate of 6% per annum on simple interest for 3 years. He immediately lends it to another person at the rate of 8.5% per annum on simple interest for 3 years. What is the value of gain per year?
Option 1: Rs. 1500
Option 2: Rs. 500
Option 3: Rs. 800
Option 4: Rs. 200
Question : What amount a man would have received on a principal of Rs. 7,500 after two years at simple interest at the rate of 7 percent per annum?
Option 1: Rs. 8,400
Option 2: Rs. 8,550
Option 3: Rs. 7,600
Option 4: Rs. 7,400
Question : At a certain sum of money with the interest rate of 6% per annum for 4 years, the simple interest is Rs. 4500. Find the compound interest (compounding annually) of 2 years at the same sum when the rate of interest is 4% per annum.
Option 1: Rs. 1,530
Option 2: Rs. 1,430
Option 3: Rs. 1,830
Option 4: Rs. 1,560
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile