The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is_____ ?
A. 15%
B. 14%
C. 12%
D. 13%
Discount Mcqs
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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. 10%
B. 0%
C. 5%
D. 7.5%
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. 21.81
B. Rs. 22
C. Rs. 18.33
D. Rs. 20
True discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is :
A. Rs. 1764
B. Rs. 2268
C. Rs. 1386
D. Rs. 1575
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. loses Rs. 30
B. gains Rs. 30
C. gains Rs. 55
D. gains Rs. 50
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. 10 months
B. 9 months
C. 6 months
D. 8 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. 15.20
B. Rs. 13
C. Rs. 10.40
D. Rs. 10
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 :
A. 15%
B. 16%
C. 14%
D. 12%
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. 1360
B. Rs. 6800
C. Rs. 1800
D. Rs. 1450
Present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is :
A. Rs. 1350
B. Rs. 1500
C. Rs. 1300
D. Rs. 1325