Discount problems
- 1. Two successive discounts of 20% and 5% are equivalent to a single discount of
Options- A. 25%
- B. 24%
- C. 18%
- D. 15% Discuss
Correct Answer: 24%
Explanation:
Here, r1 = 20% and r2 = 5%
? Required percentage
= r1 + r2 - (r1 x r2)/100%
= 20 + 5 - (20 x 5)/100
= 25 - 1
=24%
- 2. The present worth of ? 920 due at the end of 3 years at 5 % simple interest per annum is :
Options- A. ?780
- B. ?850
- C. ?800
- D. ?810 Discuss
Correct Answer: ?800
Explanation:
- 3. If the simple interest on a certain sum is due for some years at 6 % is ?180, and the discount at 5 % on the same amount is ?140. Find the sum and the time.
Options- A. ? 2100 and 1 3 Year 7
- B. ? 2200 and 2 3 Year 7
- C. ? 2000 and 2 3 Year 7
- D. ? 2300 and 1 3 Year 7 Discuss
Correct Answer: ? 2100 and 1 3 Year 7
Explanation:
- 4. The banker's gain on a certain sum of money is due for 9 months at 4 % p.a. is ?2.25. The sum is :
Options- A. ?2575
- B. ?2500
- C. ?2250
- D. ?3250 Discuss
Correct Answer: ?2575
Explanation:
- 5. The present worth of a bill of ?1764 due for 2 years at 5 % compound interest is :
Options- A. ?1650
- B. ?1700
- C. ?1600
- D. ?1714 Discuss
Correct Answer: ?1600
Explanation:
- 6. The present worth of a sum of money due for 146 days at 5 % is ?400. The sum due is :
Options- A. ?410
- B. ?408
- C. ?415
- D. ?450 Discuss
Correct Answer: ?408
Explanation:
- 7. A banker discounts a 4 months bill at 3 %. If the proceeds be invested in a manner, so that nothing is lost, the interest rate should be :
Options- A. 3%
- B. 4%
- C. 3 1 % 33
- D. 3 1 % 36 Discuss
Correct Answer: 3 1 % 33
Explanation:
- 8. A man bought a motor-cycle for ?32500. He sold it for ?35000, allowing the buyer for a 6 months credit. If the money be worth 4 % per annum, the gain percent is :
Options- A. 8 1 % 7
- B. 7 9 % 13
- C. 7 5 % 13
- D. 8 2 % 5 Discuss
Correct Answer: 7 9 % 13
Explanation:
- 9. At a given rate, the simple interest and the true discount on a certain sum, for a given time, are ?24 and ?22, respectively. The sum is :
Options- A. ?264
- B. ?220
- C. ?288
- D. ?295 Discuss
Correct Answer: ?264
Explanation:
- 10. The holder of a bill for ?17850 nominally due on May 21, 1991 received ?357 less than the amount of the bill by having it discounted at 5 %. When was it discounted?
Options- A. Dec 29, 1990
- B. Dec 30, 1989
- C. Dec 19, 1990
- D. Dec 20, 1995 Discuss
Correct Answer: Dec 29, 1990
Explanation:
More in Aptitude:
Programming
Copyright ©CuriousTab. All rights reserved.