Quantitative Aptitude - True Discount
Exam Duration: 60 Mins Total Questions : 10
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
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 interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. if the rate of interest is the same in both cases, it is :
- (a)
12%
- (b)
14%
- (c)
15%
- (d)
\(16{2\over 3}\)%
The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is :
- (a)
Rs. 1800
- (b)
Rs. 1450
- (c)
Rs. 1360
- (d)
Rs. 6800
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 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 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