Q.51.
A Plasma TV was purchased whose marked price
is Rs. 40000 on down payment of Rs. 20000 and
remaining amount was paid in 4 annual installments
of Rs. 6000. Find the rate of simple interest.
(A) 10% (B) 9 75%c) 11% (D) 12%
Answers
Answered by
0
Answer:
Marked Price of the TV (P) = 40,000
Down Payment (D) = 20,000
No. of installments (i) = 4
Amount paid every installments (ip) = 6,000
Total Price paid by customer (T) = D+i*ip
= 20,000 + 4(6000)
= 20,000 + 24,000
= 44,000
Price Difference (PD) = T - P
= 44,000 - 40,000
= 4,000
Simple Interest (% Rate) = PD*100/P
= (4000*100)/40,000
Simple Interest = 10%
Similar questions