True Discount - General Questions (2)
| 9. | The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is: |
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Answer: Option B Explanation: Let P.W. be Rs. x. Then, S.I. on Rs. x at 16% for 9 months = Rs. 189.
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x x 16 x| 10. | Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is: |
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Answer: Option A Explanation:
Now, P.W. = Rs. 612 and sum = Rs. 688.50.
Thus, S.I. on Rs. 612 for 9 months is Rs. 76.50.
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%| 11. | 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: |
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Answer: Option D Explanation: S.I. on Rs. (110 - 10) for a certain time = Rs. 10. S.I. on Rs. 100 for double the time = Rs. 20. T.D. on Rs. 120 = Rs. (120 - 100) = Rs. 20.
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| 12. | 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? |
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Answer: Option A Explanation: P.W. of Rs. 12,880 due 8 months hence
= Rs. 11500.
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| 13. | 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? |
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Answer: Option B Explanation:
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| 14. | The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is: |
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Answer: Option C Explanation: P.W. = Rs. (2562 - 122) = Rs. 2440.
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| 15. | 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: |
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Answer: Option A Explanation: C.P. = Rs. 3000.
Gain = 0%. |