Need help with business and finance homework of goods and credits
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:
The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
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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:
