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- Question
- The present worth of a bill due in sometime is ?1500. Find the banker's discount on the bill, if the true discount is ?75.
Options- A. ?78.75
- B. ?77.75
- C. ?82.75
- D. ?76.75
- Correct Answer
- ?78.75
Explanation
- 1. The true discount on a certain bill due for nine months at 4 % simple interest is ?150. Find the amount of the bill.
Options- A. ?5150
- B. ?5250
- C. ?4750
- D. ?5650 Discuss
- 2. If ?21 is the true discount on ?371 for a certain time, what is the true discount on the same amount for double that time, the rate being the same in both the cases?
Options- A. ?39.00
- B. ?35.75
- C. ?40.00
- D. ?39.75 Discuss
- 3. If the simple interest on ?2000 at 5 % p.a. is equal to the true discount on ?2500 for the same time and at the same rate, the time is :
Options- A. 4 1 Years 2
- B. 5 Year
- C. 7 1 Years 2
- D. 2 1 Years 2 Discuss
- 4. The difference between the simple interest and the true discount on a certain sum of money for 2 years at 15 % per annum at simple interest is ?45. Find the sum.
Options- A. ?700
- B. ?650
- C. ?675
- D. ?625 Discuss
- 5. The True Discount on a certain sum of money due in 2 years is ?1800 and the simple interest on the same amount is ?2232. Find the sum.
Options- A. ?9300
- B. ?9350
- C. ?9450
- D. ?9400 Discuss
- 6. The True Discount on ?936 is due after a certain time at 8 % is ?36. The money is due after :
Options- A. 6 Months
- B. 3 Months
- C. 1 Year
- D. 9 Months Discuss
- 7. The true discount on a bill of $ 2550 due after 3 months is $ 50. Find the banker's discount.
Options- A. $ 53
- B. $ 51
- C. $ 55
- D. $ 57 Discuss
- 8. The true discount on a bill of $ 5450 due in 9 months is $ 450. Find the rate of interest.
Options- A. 12%
- B. 12.5%
- C. 11.5%
- D. 13.1% Discuss
- 9. If Rs. 10 be allowed as true discount on a bill of Rs. 110 due 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. Rs. 20
- B. Rs. 21.81
- C. Rs. 22
- D. Rs. 18.33 Discuss
- 10. Find the true discount on Rs. 39.69 due in 2 years reckoning compound interest at 5%?
Options- A. Rs. 3.69
- B. Rs. 5
- C. Rs. 5.69
- D. Rs. 4.69 Discuss
True Discount problems
Search Results
Correct Answer: ?5150
Explanation:
Correct Answer: ?39.75
Explanation:
Correct Answer: 5 Year
Explanation:
Correct Answer: ?650
Explanation:
Correct Answer: ?9300
Explanation:
Correct Answer: 6 Months
Explanation:
Correct Answer: $ 51
Explanation:
Correct Answer: 12%
Explanation:
Correct Answer: Rs. 18.33
Explanation:
S.I on Rs. (110 - 10) for a given time = Rs. 10
S.I. on Rs. 100 for double the time = Rs. 20
Sum = Rs. (100 + 20) = Rs. 120
T.D. on Rs. 110 = Rs. (20/120) x 110 = Rs. 18.33
Correct Answer: Rs. 3.69
Explanation:
? P.W. = 39.69 / (1 + 5 / 100)2
= (3969 x 100 x 100) / (100 x 105 x 105) = Rs. 36
? True discount = Rs. 39.69 - 36 = Rs. 3.69
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