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- True Discount
31.
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. 10
- C.Rs. 15.20
- B.Rs. 10.40
- D.Rs. 13
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
| S.I. on Rs. (260 - 20) for a given time = Rs. 20. | |||||||||||
| S.I. on Rs. 240 for half the time = Rs. 10. | |||||||||||
| T.D. on Rs. 250 = Rs. 10. | |||||||||||
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32.
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
- C.Rs. 1575
- B.Rs. 1764
- D.Rs. 2268
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
| Let P.W. be Rs. x. | ||||||||||||||
| Then, S.I. on Rs. x at 16% for 9 months = Rs. 189. | ||||||||||||||
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33.
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
- C.Both are equally good
- B.Rs. 12,880 at credit
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
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| Clearly, Rs. 12000 in cash is a better offer. | |||||||||||||||||
34.
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%
- C.7.5%
- B.5%
- D.10%
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
| C.P. = Rs. 3000. | ||||||||
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| Gain = 0%. | ||||||||
35.
Find the present worth of Rs. 264 due in 2 years reakoning simple interest at 5 percent per annum
- A.Rs. 240
- C.Rs. 540
- B.Rs. 360
- D.Rs. 260
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
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