The banker's gain on a sum due 3 years hence at 12% per annum is Rs.270. The banker's discount is?
Answer: C
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The gain on abill due 1 year hence at 12% per annum is Rs.6. The true discount is?
Answer: D
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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?
Answer: A
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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: B
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The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:
Answer: B
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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:
Answer: A
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The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
Answer: A
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The present worth of a sum due sometime hence is Rs.576 and the banker's gain is Rs.16. The true discount is?
Answer: D
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