A trader owes a merchant Rs. 10028 due in 1 yr; but the trader wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should he pay?
A] Rs 9025
B] Rs 9200
C] Rs 9600
D] Rs 9300
Richa bought a new BMW car. The value of the car is Rs. 6000000. If rate of depreciation is 10% for first year and 5% for the second and remains constant, then what will be the value of car at end of second year?
A] Rs. 5130300
B] Rs. 5131300
C] Rs. 5130000
The population of Dehradun was 15000 two years ago. If it had increased by 2% and 3% in the last two years, find the present population of Dehradun
Pankaj took a sum of Rs 4500 from Richa. He promised Richa that he will give back her money at the end of the year but she gave an option to him that he can pay her in two equal annual installments.Pankaj agreed on her suggestion .If the rate of interest taken by Richa was 10% per annum, compounded annually, find the amount of each instalment given be Pankaj.
On a certain sum of amount, the difference between compound interest (compounded annually) and simple interest for 2 years at 10% per annum is Rs. 28. If the compound interest is reckoned half yearly, then the difference between two interests is: