The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:
A man owes a lender Rs.20502 due 1 year hence. If the man wants to settle the account after 8 months and the rate of interest being 6% per annum, find the amount the man should pay to the lender.
A man purchased a bicycle for Rs.4800 and sold it immediately at Rs.5995, allowing the buyer a credit of one and a half years. If the rate of interest is 6%, then the man gains: