Curioustab

Home » Aptitude » Discount

Find the present worth ( P.W.) and the true discount reckoning 6 % per annum simple interest of $ 176 due in 20 months time.

$ 160, $ 16
$ 130, $ 46
$ 150, $ 26
None of these

Correct Answer: $ 160, $ 16

Explanation:

← Previous Question Next Question→

More Questions from Discount

The discount on $ 5229 due in 1 year 9 months reckoning compound interest at 5 % is :
A bill is discounted at 5 % per annum. If banker's discount be allowed, at what rate of interest must the proceeds be invested, so that nothing is lost?
A owes B $ 1350 due in 3 months and B owes A $ 1078 due 5 months. If they agrees to settle their account right now at 5 % p.a, A should pay to B :
The B.G. on a sum due 3 years at 10 % is $ 180. The B.D. is :
The banker's gain on a certain sum due in 2 years at 5 % per annum is $ 8. The present worth is :
The B.G. on a certain sum due in 5 years is 3/23 of B.D. Here, the rate of interest is :
If the discount on $ 249 at 5 % S.I. be $ 9, when is the sum due?
What rate of interest does a man get for his money when in discounting a bill due in 10 months, he deducts 4 % of the amount of the bill?
What is the rate of interest when the P.W. of $ 1245 due in 15 months is $ 1200?
A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and defers the payment of $ 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment,

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion