RRB Paramedical Staff Nurse Model Paper 4

Question : 51 of 100

Marks: +1, -0

Cost of a Mobile Rs.8000. Sudha bought Mobile in EM She paid a Down payment of Rs. 2000 and paid rest in 6 equal installments of Rs.1020 for next 6 months. Then what is the SI rate charged?

6.5%
6.95%
10.5%
12.5%

Validate

Solution:

Balance to be paid in installments

= 8000-2000 = 6000

(6000+6000*r*3{/}12*100) =

1020* 6+1020 r {/}12* 100(1+2+3+4+5)

r=6.95 \%

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