Question
A sofa of MRP 450 is available in Rs.90 cash down payment and 9 monthly equal installment of Rs.45 each. Find the rate of interest per annum.
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...
- An amount of Rs. 2400 is invested at an annual compound interest rate of 20%, while another amount of Rs. 1600 is invested simultaneously at an annual simp...
- A sum becomes 9200 in 3 years and 10400 in 5 years at simple interest. Find the principal.
- A man purchases some number of apples at the rate of 36 apple for Rs. 1. How many for a rupee did he sell to gain 12.5%.
- If Rs. 8,000 grows to Rs. 10,960 in 2 years at simple interest, what is the yearly interest rate?
- A man invests (10,000 + 100x) rupees at 8% p.a. simple interest for 2 years, and (5,000 + 50x) rupees at 6% p.a. simple interest for 3 years. If the total ...
- Asmita invested Rs. 3200 for 2 years at an annual simple interest rate of r%, while Shreya invested the same sum as Asmita for 2 years at an annual compoun...
- The difference between the interest received from two different banks on Rs. 500 for 2 years is Rs. 2.50. The difference between their rates is ?
- The interest obtained by investing Rs. (3p + 100) at a simple interest rate of 10% p.a. for 5 years is Rs. (2p + 250). Find the ratio (p - 75) : (p + 125).
- Rs. (n + 300) invested on simple interest amounts to Rs. 3,000 and Rs. 3,600 in 4 years and 6 years, respectively. Find the value of 'n'.
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)