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
T.D. = [B.G. * 100 / R * T] = Rs. [270 * 100 / 12 * 3] = Rs. 750
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The basic hobby and the true rebate on a sure aggregate for a given time and at a given rate are Rs 85 and Rs 80 separately. The entirety due is:
Answer: A
Sum due = ((S.I.)*(T.D.))/((S.I.)-(T.D.))=Rs ((85*80))/((85-80))=((85*80))/5= Rs 1360
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If Rs.20 is the True Discount on Rs260due after a certain time.What wil be true discount on the same sum due after half of the former time, the rate of interest being the same?
Answer: C
Simple Interest on Rs. (260-20) for a gven time= Rs.20
Simple Interest on Rs. (260-20) for a half time = Rs.10
True Discount on Rs.250 = Rs.10
True Discount on Rs.260 = Rs.[(10/250) x 260] = Rs. 10.40
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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:
Answer: A
No answer description available for this question.
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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:
Answer: B
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The basic enthusiasm on Rs 750 for a long time is equivalent to the genuine rebate on Rs 810 for the same time and at the same rate. The rate of interest per annum is:
Answer: A
S.I. on Rs 750 for 2 years = T.D. on Rs 810 due 2 years hence
∴ P.W. of Rs. 810 due 2 years hence = Rs 750
∴ T.D. = Rs (810-750) = Rs 60
Rate = ((100*60)/(750*2))% p.a. = 4% p.a.
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The present worth of Rs.1404 due in two equal half-yearly instalments at 8% per annum. Simple interest is:
Answer: C
Required Sum = PW of Rs.702 due 6 months hence + PW of Rs.702 due 1 year hence
= Rs.[ (100 x 702) / (100+(8 x 1/2)) ] + [ (100 x 702) / (100+(8 x 1)) ]
= Rs.1325
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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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Successive discounts of 20% and 15% are equivalent to a single discount of
Answer: D
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The banker’s discount of a certaih sum of money is Rs. 72 and cne true discount on the same sum for the same time is Rs. 60. The sum due is :
Answer: A
Sum = (B.D.*T.D.)/(B.D.-T.D.) = Rs. (72*60)/(72-60) = Rs. (72*60)/12 = Rs. 360.
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