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A cellphone is available for ₹ 600 or fo...

A cellphone is available for ₹ 600 or for 300 cash down payment together with ₹ 360 to be paid after two months. Find the rate of interest charged under this scheme :

A

`20%`

B

`50%`

C

`120%`

D

none of these

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The correct Answer is:
C
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ARIHANT SSC-CI/SI/INSTALMENTS-EXERCISE (LEVEL - 1)
  1. Amit borrowed ₹ 800 at 10% rate of interest. He repaid ₹ 400 at the en...

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  2. A sonata watch is sold for ₹ 440 cash or for ₹ 200 cash down payment ...

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  3. A cellphone is available for ₹ 600 or for 300 cash down payment togeth...

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  4. Abhinav purchases a track suit for ₹ 2400 cash or for ₹ 1000 cash down...

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  5. Indicom cell-phone is available for ₹ 2500 cash or ₹ 520 cash down pay...

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  6. An article is sold for ₹ 500 cash or for ₹ 150 cash down payments foll...

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  7. A sum of Rs. 390200 is to paid back in three equal annual installments...

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  8. Pumima borrowed a sum of money and returned it in three equal quarterl...

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  9. Pankaj borrowed ₹ 10815, which is to be paid back in 3 equal half year...

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  10. Sapna borrowed some money on compound interest and returned it in thre...

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  11. P and Q invest some amount under SI and CI, repectively but for the sa...

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  12. In the above (i.e.., previous) problem, what is the ratio of P’s final...

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  13. Mr. Lala Ram has lent some money to Aaju at 6% p.a., and the Baaju at ...

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  14. The difference between simple and compound interest for the fourth yea...

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  15. The simple interest on certain sum at 5% for 9 month is 7 greater tha...

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  16. Mr. Bajaj invested 1/7 of his total investment at 4% and 1/2 at 5% and...

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  17. The rate of interest in two hanks DNB and HBI are in the ratio of 7: 8...

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  18. The ratio of CI for 3 years and SI for 1 year for a fixed amount at a ...

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  19. A sum of money becomes 13/5 times of itself in 32 years at r% of SI. W...

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  20. The difference between interest received by A and B is Rs. 18 on Rs. 1...

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