To buy a home, Nelda borrowed $250,000 for 5 years and paid $60,000 simple interest on loan. The rate of interest he paid is

  • 8.40%
  • 6.80%
  • 5.60%
  • 4.80%

The exchange rate between Sterling Pound and Euro on specific day is 1 Sterling pound = 2.4 Euros. The Sterling Pound that are equivalent to 850 Euros are

  • 754.16
  • 654.16
  • 354.16
  • 454.16

A refrigerator is priced at $10,A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the interest on remaining amount for 2 years after deposit is

  • $2,148
  • $1,848
  • $1,948
  • $2,048

A refrigerator is priced at $10,A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the amount of deposit made is

  • $2,000
  • $2,150
  • $1,950
  • $1,600

In college library, 30% of books are classified as fiction and remainder as non-fiction. There are 2400 more books non-fiction category than fiction category. The total number of non-fiction books in library are

  • 4500
  • 2200
  • 4200
  • 3200

In a city book store, 70% of books are classified as non-fiction and remainder as fiction. There are total 2400 more non-fiction books than fiction books. The owner wants to increase non-fiction books by 5% at an average cost of $The cost of new non-fiction books is

  • $4,620
  • $4,500
  • $4,350
  • $5,250

The television is priced at $10,A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the monthly installment is

  • $457
  • $447
  • $437
  • $427

If an article costs $350 with 6% GST then the price customer has to pay is

  • $362
  • $351
  • $371
  • $341

The compound interest on $2500 for 5 years at 4% per annum (compounded annually) is

  • $432
  • $542
  • $642
  • $452
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