True Discount Questions and Answers updated daily – Aptitude
15 True Discount Questions and answers section with explanation for various online exam preparation, various interviews, Aptitude True Discount online test. True Discount Questions with detailed description, explanation will help you to master the topic.
True Discount Questions
1. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:
4. 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:
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Correct Ans:14%
Explanation:
S.I. on Rs. 750 = T.D. on Rs. 960.
This means P.W. of Rs. 960 due 2 years hence is Rs. 750.
5. 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?
11. 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:
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Correct Ans:18.33
Explanation:
S.I. on Rs. (110 - 10) for a certain time = Rs. 10.
12. 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?
13. A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?
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Correct Ans:9200
Explanation:
Required money= P.W. of Rs. 10028 due 9 months hence
15. 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: