Question

Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:

a.

16(2/3)%

b.

14(1/2)%

c.

13(1/3)%

d.

15%

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Answer: (a).16(2/3)%

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Q. Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:

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