Quantitative Aptitude - True Discount
Exam Duration: 45 Mins Total Questions : 15
The present worth of Rs. 2310 due \(2{1\over 2}\) years hence, the rate of interest being 15% per annum, is :
- (a)
Rs. 1750
- (b)
Rs.1680
- (c)
Rs. 1840
- (d)
Rs. 1443.75
\(P.W.=Rs.\left[ \frac { 100\times 2310 }{ 100+\left( 15\times \frac { 5 }{ 2 } \right) } \right] =Rs.1680.\)
If the true discount on a sum due 2 years hence at 14% per annum be Rs. 168, the sum due is :
- (a)
Rs. 768
- (b)
Rs. 968
- (c)
Rs. 1960
- (d)
Rs. 2400
\(P.W.=\frac { 100\times T.D. }{ R\times T } =\frac { 100\times 168 }{ 14\times 2 } =600.\)
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is :
- (a)
12%
- (b)
\(13{1\over 3}\)%
- (c)
15%
- (d)
14%
The true discount on Rs. 1760 due after a certain time ar 12% per annum is Rs. 160. The time after which it is due is :
- (a)
6 Months
- (b)
8 Months
- (c)
9Months
- (d)
10Months
The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is :
- (a)
Rs. 1386
- (b)
Rs. 1764
- (c)
Rs. 1575
- (d)
Rs. 2268
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 :
- (a)
Rs. 20
- (b)
Rs. 21.81
- (c)
Rs. 22
- (d)
Rs. 18.33
A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other at a credit of Rs. 12,880 to be paid after 8 months, money being ar 18% per annum. Which is the better offer ?
- (a)
Rs. 12,000 in cash
- (b)
Rs. 12,880 at credit
- (c)
Both are equally good
Goods were bought for Rs. 600 and sold the same day for Rs. 688.50 at a credit of 9 months and thus gaining 2%. The rate of interest per annum is :
- (a)
\(16{2 \over 3}\)%
- (b)
\(14{1 \over 2}\) %
- (c)
\(13{1 \over 3}\) %
- (d)
15%
The present worth of Rs. 1404 due in two equal half-yearly instalments at 8% per annum simple interest is :
- (a)
Rs. 1325
- (b)
Rs. 1300
- (c)
Rs. 1350
- (d)
Rs. 1500
A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should he pay ?
- (a)
Rs. 9025.20
- (b)
Rs. 9200
- (c)
Rs. 9600
- (d)
Rs. 9560
A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man :
- (a)
gains Rs. 55
- (b)
gains Rs. 50
- (c)
loses Rs. 30
- (d)
gains Rs. 30
A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of :
- (a)
0%
- (b)
5%
- (c)
7.5%
- (d)
10%
A owes B, Rs. 1573 payable \(1{1\over 2}\) years hence. Also B owes A, Rs. 1444.50 payable 6 months hence, If they want to settle the account forthwith, keeping 14% as the rate of interest, then who should pay and how much ?
- (a)
A, Rs. 28.50
- (b)
B, Rs. 37.50
- (c)
A, Rs. 50
- (d)
B, Rs. 50
A has to pay Rs. 220 to B after 1 year. B asks A to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years. A agrees to it. If the rate of interest be 10% per annum, in this mode of payment :
- (a)
There is no gain or loss to any one
- (b)
A gains Rs. 7.34
- (c)
A loses Rs. 7.34
- (d)
A gains Rs. 11
Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same ?
- (a)
Rs. 10
- (b)
Rs. 10.40
- (c)
Rs. 15.20
- (d)
Rs. 13