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- Question
- The difference between the simple interest and the true discount on a certain sum of money foe 6 months at 6% is Rs. 27. Find the sum?
Options- A. Rs. 30900
- B. Rs. 39000
- C. Rs. 20900
- D. Rs. 30600
- Correct Answer
- Rs. 30900
ExplanationReq. amount = [27 x (100 + 6 x 1/2) x 100] / [(6 x 1/2)2]
= (2700 x 103) / 9 = Rs. 30900 - 1. The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 25 and Rs. 20 respectively. The sum is?
Options- A. Rs. 500
- B. Rs. 200
- C. Rs. 250
- D. Rs. 100 Discuss
- 2. If the interest on Rs. 50 at 4 1/ 2 be equal to the discount on Rs. 59 for the same time and at the same rate when is the latter sum due?
Options- A. 2 years
- B. 4 years
- C. 6 years
- D. 3 years Discuss
- 3. Find the investment required to purchase $ 125000 of 8% stock at 92.
Options- A. $ 115000
- B. $ 120000
- C. $ 105000
- D. $ 125000 Discuss
- 4. A man sells 5000 common shares of Company X (each of par value $ 10), which pays a dividend of 20%, at $30 per share. He invests the sale proceeds in ordinary shares of Company Y(each of par value $25) that pays a dividend of 15%. If the market value of a share of Company Y is $40, find out the number of shares of Company Y purchased by the man.
Options- A. 3850
- B. 3750
- C. 3700
- D. 3800 Discuss
- 5. Shyam purchased 12000 shares of a company, of par value $ 10 each, paying an annual dividend of 15% at such a price that she gets 10% on her investment. Find the market value of a share.
Options- A. $ 25
- B. $ 15
- C. $ 20
- D. $ 24 Discuss
- 6. A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man?
Options- A. Gains Rs. 15
- B. Gains Rs. 3
- C. Gains Rs. 5
- D. Loses Rs. 5 Discuss
- 7. What will be the true discount for the present worth of ? 600 for a period of 4 yr at 4% per annum rate of interest?
Options- A. ? 100
- B. ? 32
- C. ? 86
- D. ? 96 Discuss
- 8. If the true discount for a sum of ? 50000 for a period of 4 yr at a certain rate of interest per annum is ? 2000, find the rate of interest.
Options- A. 1%
- B. 1.5%
- C. 2%
- D. 5% Discuss
- 9. Find the present worth of Rs. 264 due in 2 years reckoning simple interest at 5 percent per annum?
Options- A. Rs. 240
- B. Rs. 360
- C. Rs. 540
- D. Rs. 260 Discuss
- 10. What is the present worth of Rs. 272.61 due in 2 years 73 days at 7 1/ 2 percent?
Options- A. Rs. 334
- B. Rs. 254
- C. Rs. 234
- D. None of these Discuss
True Discount problems
Search Results
Correct Answer: Rs. 100
Explanation:
Sum = [(S.I.) x (T.D.)] / [(S.I.) - (T.D.)] = Rs. (25 x 20) / (25 - 20)
= Rs. 100
Correct Answer: 4 years
Explanation:
? 9/2 = [(59 - 50) x 100] / 50 x T
? T = 4 years
Correct Answer: $ 115000
Explanation:
Correct Answer: 3750
Explanation:
Correct Answer: $ 15
Explanation:
Correct Answer: Gains Rs. 5
Explanation:
P.W. of Rs. 220 due 1 year hence = Rs. (100 x 220) / (100 + 10)
= Rs. 200
hence, the man gains Rs. 5
Correct Answer: ? 96
Explanation:
Given that, T = 4 yr, R = 4%
PW = ? 600 and TD = ?
According to the formula, (1)
TD = (PW x R x T)/100
TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ? 96
Correct Answer: 1%
Explanation:
Given that, PW =? 50000,
TD =? 2000, T = 4 yr and R = ?
According to the formula, (1)
TD = (PW x R x T) / 100
? 2000 = (50000 x R x 4) / 100
? R = (2000 x 100) / (50000 x 4) = 20/20 = 1%
Correct Answer: Rs. 240
Explanation:
P.W. = (100 x 264) / (100 + 5 x 2)
= Rs. (100 x 264) / 110
= Rs. 240.
Correct Answer: Rs. 234
Explanation:
Required answer = (100 x 272.61) / (100 + 15/2 x 273/365)
= 27261 / (100 + 33/2) = (27261 x 2)/233
= Rs. 234.
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