Bank Exam
Government Jobs Exams
Numerical Ability
Simple & Compound Interest
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
Read Solution (Total 2)
-
- total profit 2200-1950 = 250
now intrest 1950*10/100 = 195
250-195 = 55 - 12 years agoHelpfull: Yes(3) No(18)
- 1950+10%=2145-2200=55 gain answer is A
- 12 years agoHelpfull: Yes(2) No(6)
Bank Exam Other Question