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CuriousTab

Discount problems


  • 1. 
    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%
  • Discuss
  • 2. 
    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
  • 3. 
    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
  • 4. 
    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
  • 5. 
    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
  • 6. 
    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
  • 7. 
    What rate of interest does a man get for his money when in discounting a bill due in 10 months, he deducts 4 % of the amount of the bill?

  • Options
  • A. 5%
  • B. 6%
  • C. 8%
  • D. 4%
  • Discuss
  • 8. 
    What is the rate of interest when the P.W. of $ 1245 due in 15 months is $ 1200?

  • Options
  • A. 3%
  • B. 4%
  • C. 6%
  • D. 5%
  • Discuss
  • 9. 
    A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and defers the payment of $ 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment,

  • Options
  • A. there is no gain or loss to anyone.
  • B. A gains $ 7.34
  • C. A loses $ 7.34
  • D. A gains $ 11
  • Discuss

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