True Discount Questions and Answers
Practice ModeShowing 10 of 29 questions
Q1
The present worth of Rs. 2310 due 5/2 years hence, the rate of interest being 15% per annum, is:
Answer: Option B
Q2
If the true discount on a sum due 2 years hence at 14% per annum be Rs. 168, the sum due is :
Answer: Option A
Q3
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate per cent is
Answer: Option C
Q4
The true discount Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is :
Answer: Option D
Q5
The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. the amount of the bill is :
Answer: Option B
Q6
The interrest 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 :
Answer: Option B
Q7
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 :
Answer: Option C
Q8
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 :
Answer: Option D
Q9
A man wants to sell his scooter. There are two offers, one at Rs. 12000 cash and the other at a credit of Rs. 12880 to be paid after 8 months, money being at 18% per annum. Which is the better offer ?
Answer: Option A
Q10
The present worth of Rs. 1404 due in two equql yearly instalments at 8% per annum simple interest is :
Answer: Option A