Saved Bookmarks
| 1. |
Ram Singh bought a T.V. for Rs. 6000 on credit. The rate of interest for the first year is 5% and of the second year is 15%.How much will it cost him if he pays the amount after two years. (A) 8800 (B) 8259 (C) 8265 (D) 7245 |
|
Answer» Correct option (D) 7245 Explanation: Here P = Rs. 6000, R1 = 5% p.a., R2 = 15% p.a. Amount after two years =p (1 +R1/100)(1+R2/100) = 600 (1 +5/100) (1+15/100) = (6000 x 21/20 x 23/20) = Rs. 7245 Thus, the T.V. will cost him Rs. 7245 |
|