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- Question
The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.
Options- A. rs.1175
- B. rs.1375
- C. rs.1475
- D. rs.1575
- Correct Answer
- rs.1375
ExplanationPW =
- 1. A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:
Options- A. gains Rs. 55
- B. gains Rs. 50
- C. loses Rs. 30
- D. gains Rs. 30 Discuss
- 2. What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?
Options- A. Rs.600
- B. Rs.601
- C. Rs.602
- D. Rs.603 Discuss
- 3. A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:
Options- A. 0%
- B. 5%
- C. 7.5%
- D. 10% Discuss
- 4. The difference between Simple Interest and True Discount on a certain sum of money for 6 months at 1212 % per annum is Rs 25. Find the sum.
Options- A. Rs.6800
- B. Rs.6500
- C. Rs.6000
- D. Rs.6200 Discuss
- 5. The profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs.490. At what price should the article be sold to make 25% profit?
Options- A. 715
- B. 469
- C. 400
- D. 750 Discuss
- 6. Find the present worth of Rs.930 due 3 years hence at 8% per annum.Aso find the discount?
Options- A. 186
- B. 180
- C. 185
- D. 189 Discuss
- 7. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is ?
Options- A. Rs.948
- B. Rs.876
- C. Rs.768
- D. Rs.658 Discuss
- 8. The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is?
Options- A. 12%
- B. 13%
- C. 15%
- D. 14% Discuss
- 9. The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is
Options- A. 1200
- B. 1764
- C. 1600
- D. 1354 Discuss
- 10. The present worth of Rs.1404 due in two equal half-yearly instalments at 8% per annum. Simple interest is:
Options- A. 1320
- B. 1300
- C. 1325
- D. 1200 Discuss
True Discount problems
Search Results
Correct Answer: gains Rs. 50
Correct Answer: Rs.602
Explanation:
PW =
Correct Answer: 0%
Explanation:
C.P = Rs.3000
S.P =Rs. [3600 x 10] / [100+(10 x 2)] = Rs.3000
Gain =0%
Correct Answer: Rs.6800
Explanation:
Correct Answer: 750
Explanation:
Let C.P be Rs. x
900 - x = 2(x - 450) => x = Rs.600
C.P = 600 gain required is 25%
S.P = [(100+25) x 600] / 100 = Rs.750
Correct Answer: 180
Explanation:
P.W = [100 x Amount] / [100+(R x T)]
=[100 x 930] / [100+(8x3)] = Rs. 750
T.D = Amount - P.W = 930 - 750 = Rs.180
Correct Answer: Rs.768
Explanation:
P.W. =
=
= 600.
Sum = (P.W. + T.D.) = Rs. (600 + 168) = Rs. 768.
Correct Answer: 15%
Explanation:
P.W = 2562-122 =Rs.2440
Rate = [100 x 122] / [2440 x (1/3)] =15%
Correct Answer: 1764
Correct Answer: 1325
Explanation:
Required Sum = PW of Rs.702 due 6 months hence + PW of Rs.702 due 1 year hence
= Rs.[ (100 x 702) / (100+(8 x 1/2)) ] + [ (100 x 702) / (100+(8 x 1)) ]
= Rs.1325
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