#True
Discount #Magme 053
1. 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%
2. The true discount on Rs. 2562 due 4 months
hence is Rs. 122. The rate percent is:
A.12% B.13
C.
15% D. 14%
3. 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
4. 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
5. 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
6. 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:
A.
% B.
% C.
% D. 15%
7. 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
8. 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
9. 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
10. The present worth of Rs. 2310 due 2 years hence, the rate of interest being 15%
per annum, is:
A.Rs. 1750 B.Rs.
1680 C.Rs. 1840 D.Rs. 1443.75
ANSWER KEYS
|
1.A
|
2.C
|
3.B
|
4.A
|
5.D
|
|
6.A
|
7.B
|
8.B
|
9.D
|
10.B
|
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