True discount

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poornima lagadapati

Active member
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 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 12% per annum, how much cash should he pay?

A.Rs. 9025.20
B.Rs. 9200
C.Rs. 9600
D.Rs. 9560

A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

A.Rs. 12,000 in cash
B.s. 12,880 at credit
C.Both are equally good
 
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

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

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
 
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:

A.6 months
B.8 months
C.9 months
D.10 months

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

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
 
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

A. Rs. 1325
B. Rs. 1300
C. Rs. 1350
D. Rs. 1500

If the true discount on s 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
 
poornima lagadapati said:
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 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 12% per annum, how much cash should he pay?

A.Rs. 9025.20
B.Rs. 9200
C.Rs. 9600
D.Rs. 9560

A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

A.Rs. 12,000 in cash
B.s. 12,880 at credit
C.Both are equally good
Click to expand...
1. A 2. B
 
poornima lagadapati said:
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

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

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
Click to expand...
1. D 2 . B
 
poornima lagadapati said:
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:

A.6 months
B.8 months
C.9 months
D.10 months

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

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
Click to expand...
1. D 2. B
 
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