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- True Discount
36.
A has to pay Rs. 220 to B after 1 year. B asks A to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years. A agrees to it. If the rate of interest be 10% pe annum, in this mode of payment:
- A.There is no gain or loss to any one
- C.A loses Rs. 7.34
- B.A gains Rs. 7.34
- D.A gains Rs. 11
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
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A actually pays = Rs. 110 + P.W. of Rs. 110 due 2 years hence | ||||||||||
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37.
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annum, is: |
- A.Rs. 1750
- C.Rs. 1840
- B.Rs. 1680
- D.Rs. 1443.75
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
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38.
The true discount on a bill due 8 months hence at 12% per annum is Rs. 240. Find the amount of the bill and its present worth
- A.Rs. 3000, Rs. 3240
- C.Rs. 2100, Rs. 2340
- B.Rs. 2000, Rs, 2240
- D.None of these
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
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