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- Question
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%
- Correct Answer
- 15%
ExplanationP.W = 2562-122 =Rs.2440
Rate = [100 x 122] / [2440 x (1/3)] =15%
- 1. 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
- 2. 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
- 3. 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 Discuss
- 4. 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
- 5. 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
- 6. 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
- 7. 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
- 8. A man wants to sell his scooter .There are two offers one at Rs12000 cash and other at a credit of Rs12880 to be paid after 8 months ,money being at 18% per annum which is better offer?
Options- A. Rs.12880
- B. Rs.12000
- C. Both are equally good
- D. None of the above Discuss
- 9. Which is a better offer out of (i) a cash payment now of Rs.8100 or (ii) a credit of Rs.8250 after 6 months(6.5% S.I)
Options- A. (i)
- B. (ii)
- C. both (i) and (ii)
- D. none Discuss
- 10. If Rs.10 be allowed as true discount on a bill of Rs.110 at the end of a certain time , then the discount allowed on the same sum due at the end of double the time is
Options- A. 18.20
- B. 18.33
- C. 18
- D. 18.30 Discuss
True Discount problems
Search Results
Correct Answer: Rs.768
Explanation:
P.W. =
=
= 600.
Sum = (P.W. + T.D.) = Rs. (600 + 168) = Rs. 768.
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.1375
Explanation:
PW =
Correct Answer: gains Rs. 50
Correct Answer: Rs.602
Explanation:
PW =
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
Correct Answer: Rs.12000
Explanation:
PW of Rs.12,880 due 8 months hence
= Rs. [12880 x 100] / [100+(18 x 8/12)] =Rs.11500
Clearly 12000 in cash is a better offer.
Correct Answer: (i)
Explanation:
PW =
Correct Answer: 18.33
Explanation:
Present worth = Amount - True Discount = 110 -10 = Rs.100
SI on Rs.100 for a certain time = Rs.10
SI on Rs.100 for doube the time = Rs.20
True Discount on Rs.120 = 120 - 100 = Rs.20
True Discount on Rs.110 = = Rs.18.33
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