True Discount Questions and Answers
Practice ModeShowing 10 of 29 questions
Q21
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
Q22
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:
Answer: Option B
Q23
The true discount on 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
Q24
The present worth of Rs. 2310 due 2 years hence, the rate of interest being 15% per annum, is:
Answer: Option B
Q25
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?
Answer: Option B
Q26
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:
Answer: Option B
Q27
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
Q28
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
Answer: Option A
Q29
If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:
Answer: Option A