Question
A clock is sold for Rs.550 cash or in the instalment scheme, for Rs.250 cash down payment and Rs.310 after one month. Find the rate of interest charged in the instalment scheme.
More Simple and compound interest Questions
- A sum of money at a specific annual simple interest rate grows to Rs. 2900 in 3 years and Rs. 3500 in 5 years. Calculate the interest earned when this same...
- On Rs. 6000 invested at a simple interest at the rate of 4% p.a., Rs. 2400 is obtained as interest in certain years. In order to earn Rs. 4800 as interest ...
- A sum of money amounts to Rs 2420 in 2 years and Rs 2662 in 3 years at compound interest. Find the rate of interest per annum and the principal.
- Arjun acquired a smartphone with a price tag of Rs. 18,000. For the initial payment, he paid Rs. 2,160. The remainder was to be paid in two equal installme...
- A sum of Rs. 2800 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find the...
- At what rate percent per annum will a sum of Rs 5,000 amount to Rs 6,000 in 4 years at simple interest?
- A certain amount becomes seven times of itself in 24 years at a certain rate of simple interest p.a. In what time will it become sixteen times of itself at...
- A borrowed Rs. 6500 from B for his business. How much amount A will return to B at the end of 48 months such that the sum was borrowed at simple interest o...
- A sum of money amounts to Rs 5400 in 3 years and to Rs 6000 in 5 years at simple interest. Find the principal and the rate of interest per annum.
- A certain amount earns simple interest of Rs. 1360 after 4 years. Had the interest been 5% more, how much more interest would it have earned?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)