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1. Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:





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  • By: guest on 01 Jun 2017 05.49 pm
    S.P. = 102% of Rs. 600 = 102 x 600 = Rs. 612. 100 Now, P.W. = Rs. 612 and sum = Rs. 688.50. T.D. = Rs. (688.50 - 612) = Rs. 76.50. Thus, S.I. on Rs. 612 for 9 months is Rs. 76.50. Rate = 100 x 76.50 % = 16% 612 x 3 4
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