A man buys a TV priced at ₹ 16000. He pays ₹ 4000 at once and the rest after 15 months on which he is charged… · ABC26GN4104

Subject: General Aptitude · Chapter: Simple Interest

A man buys a TV priced at ₹ 16000 . He pays ₹ 4000 at once and the rest after 15 months on which he is charged a simple interest at the rate of 12\% per year. The total amount he pays for the TV is [SSC-CHSL (10+2) Exam, 2015]

(a)₹ 18200

(b)₹ 17800

(c)₹ 17200

(d)₹ 16800

Answer

Answer (as printed): B

Explanation

Price paid = ` 4000 Rest price = ` 12000 Rate = 12% 12000 × 12 × 5 ∴= = ` 1800 100 × 12 ∴ Amount paid after 15 months = 12000 + 1800 = 13800 ∴ Total amount paid for TV = 4000 + 13800 = 17800

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Simple Interest

1. Practise the PYQsPrevious-year questions, with answers

· Browse this chapter in the app