A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

Related Mcqs:

1. If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?

   A. Rs 1575.20
   B. Rs 1600
   C. Rs 1625.80
   D. Rs 2000

2. A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

   A. Rs.3100
   B. Rs.2700
   C. Rs.2200
   D. Rs.1800

3. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?

   A. Rs. 1550
   B. Rs. 1650
   C. Rs. 1750
   D. Rs. 2000

4. Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?

   A. Rs.10
   B. Rs.2
   C. Rs.5
   D. Rs.3

5. A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

   A. gains Rs. 55
   B. gains Rs. 50
   C. loses Rs. 30
   D. gains Rs. 30

6. A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20 % and the cow at a gain of 20 %. The entire transaction resulted in___________?

   A. No loss or gain
   B. Loss of Rs. 1000
   C. Gain of Rs. 1000
   D. Gain of Rs. 2000

7. The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:___________?

   A. 6%
   B. 8%
   C. 10%
   D. 12%

8. A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :

   A. 5%
   B. 8%
   C. 12%
   D. 15%

9. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

   A. 5%
   B. 8%
   C. 12%
   D. 15%

10. If goods be purchased for Rs.840 and one-fourth be sold at a loss of 20% at what gain percent should the remainder be sold so as to gain 20% on the whole transaction?

    A. 30%
    B. 33%
    C. 33 1/3%
    D. 35%