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- Question
- 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?
Options- A. 5%
- B. 4 19 % 20
- C. 5 5 % 9
- D. 10%
- Correct Answer
- 5 5 % 9
Explanation
- 1. The discount on $ 5229 due in 1 year 9 months reckoning compound interest at 5 % is :
Options- A. $ 429.00
- B. $ 415.00
- C. $ 393.25
- D. None of these Discuss
- 2. Find the present worth ( P.W.) and the true discount reckoning 6 % per annum simple interest of $ 176 due in 20 months time.
Options- A. $ 160, $ 16
- B. $ 130, $ 46
- C. $ 150, $ 26
- D. None of these Discuss
- 3. A bill which being due at the end of 4 years is now worth $ 575, but if it is due in 2 years 6 months, it would now be worth $ 620. The sum of the bill is :
Options- A. $ 695
- B. $ 725
- C. $ 713
- D. None of these Discuss
- 4. If the discount on a certain sum in 2 years at a certain rate is $ 150 and the interest in 3 years is $ 240. Find the sum and the rate of interest.
Options- A. $ 2400, 3 1 % 3
- B. $ 2400, 4 1 % 3
- C. $ 2200, 5 1 % 3
- D. $ 2000, 3 1 % 3 Discuss
- 5. If a commission of 10% is given on the written price of an article, the gain is 20%. The gain per cent, when the commission is increased to 20%, will be?
Options- A. 62/3%
- B. 5%
- C. 8%
- D. 51/3% Discuss
- 6. 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 :
Options- A. $ 277 1 3
- B. $ 288.25
- C. $ 302
- D. None of these Discuss
- 7. The B.G. on a sum due 3 years at 10 % is $ 180. The B.D. is :
Options- A. $ 680
- B. $ 780
- C. $ 580
- D. $ 480 Discuss
- 8. The banker's gain on a certain sum due in 2 years at 5 % per annum is $ 8. The present worth is :
Options- A. $ 800
- B. $ 1600
- C. $ 1200
- D. $ 880 Discuss
- 9. The B.G. on a certain sum due in 5 years is 3/23 of B.D. Here, the rate of interest is :
Options- A. 6%
- B. 5%
- C. 4%
- D. 3% Discuss
- 10. If the discount on $ 249 at 5 % S.I. be $ 9, when is the sum due?
Options- A. 6 months
- B. 4 months
- C. 9 months
- D. 7 months Discuss
Discount problems
Search Results
Correct Answer: $ 429.00
Explanation:
Correct Answer: $ 160, $ 16
Explanation:
Correct Answer: $ 713
Explanation:
Correct Answer: $ 2400, 3 1 % 3
Explanation:
Correct Answer: 62/3%
Explanation:
Let MP of the article = ? N
? SP of the article = N x (100 - 10)/100 = ? 9N/10
? CP of the article = [(9N/10) x 100]/(100 + 20)
= (9N x 10)/120
= ? 3N/4
Now, new SP of the article = [N x (100 - 20)]/100 = ? 4N/5
New profit = 4N/5 - 3N/4 = (16N - 15N)/20 = ? N/20
Hence, profit per cent = [(N/20) / (3N/4)] x 100 %
= (4 x 100)/(3 x 20) %
= 62/3%
Correct Answer: $ 277 1 3
Explanation:
Correct Answer: $ 780
Explanation:
Correct Answer: $ 800
Explanation:
Correct Answer: 3%
Explanation:
Correct Answer: 9 months
Explanation:
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