Home
Class 14
MATHS
Abhinav purchases a track suit for ₹ 240...

Abhinav purchases a track suit for ₹ 2400 cash or for ₹ 1000 cash down payments and two monthly instalments of ₹ 800 each. Find the rate of interest:

A

`75%`

B

`120%`

C

`50%`

D

none of these

Text Solution

Verified by Experts

The correct Answer is:
B
Promotional Banner

Topper's Solved these Questions

  • CI/SI/INSTALMENTS

    ARIHANT SSC|Exercise EXERCISE (LEVEL - 2)|23 Videos

  • CI/SI/INSTALMENTS

    ARIHANT SSC|Exercise EXERCISE (LEVEL - 2)|23 Videos

  • BOATS AND STREAMS

    ARIHANT SSC|Exercise EXERCISE HIGHER SKILL LEVEL QUESTIONS|9 Videos

  • CLOCK AND CALENDAR

    ARIHANT SSC|Exercise FAST TRACK PRACTICE|27 Videos

Similar Questions

Explore conceptually related problems

A computer is available for Rs 39000 cash or Rs 17000 as cash down payment followed by five monthly instalments of Rs 4800 each. What is the rate of interest under the instalment plan? (a) 35.71% p.a. (b) 36.71. p.a. (c) 37.71% p.a. (d) 38.71% p.a.

A washing machine is available for Rs.13,500 cash or Rs.6,500 as cash down payment followed by three monthly instalments of Rs.2,500 each.Find the rate of interest charged under instalment plan.

A scooty is sold by an automobile agency for ₹ 20100 cash or for ₹ 4800 cash down payment together with five equal monthly instalments. If the rate of interest charged by the company is 12% per annum find each instalment..

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |