1
Q:

# A has to pay Rs.220 to B after 1yr. B asks A to pay Rs.110 in cash and defer the payment of Rs.110 for 2 yrs. A agrees to it. If the rate of interest be 10% per annum in this mode of payment:

 A) A gains Rs.11 B) There is No gain or loss C) A losses 7.43 D) A gains Rs. 7.34

Answer:   D) A gains Rs. 7.34

Explanation:

A has to pay = Present worth of Rs220 due 1yr hence

= Rs.[(220 x 100)/100+(10 x 1)] = Rs.200

A actually pays = Rs.110+PW  of Rs.110 due 2 yrs hence

= [110+(110 x 100)] / [100+(10 x 2)] = Rs.192.66

So, A gains Rs. (200-192.66) = Rs.7.34

Q:

If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is ?

 A) Rs.948 B) Rs.876 C) Rs.768 D) Rs.658

Explanation:

P.W. = $\frac{100×T.D}{R×T}$ = $\frac{100×168}{14×2}$ = 600.

Sum = (P.W. + T.D.) = Rs. (600 + 168) = Rs. 768.

5 1574
Q:

What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?

 A) Rs.600 B) Rs.601 C) Rs.602 D) Rs.603

Explanation:

PW = $\frac{Amount}{{\left(1+\frac{R}{100}\right)}^{T}}$

19 1872
Q:

The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.

 A) rs.1175 B) rs.1375 C) rs.1475 D) rs.1575

Explanation:

PW = $\frac{100×Amount}{100+\left(R×T\right)}$

21 1896
Q:

In what time a debt of Rs.7920 due may be cleared by immediate cash down payment of Rs.3600 at 1/2% per month

 A) 10years B) 20years C) 30years D) 40years

Explanation:

PW = $\frac{100×Amount}{100+\left(R×T\right)}$

3 1866
Q:

Which is a better offer out of (i) a cash payment now of Rs.8100 or (ii) a credit of Rs.8250 after 6 months(6.5% S.I)

 A) (i) B) (ii) C) both (i) and (ii) D) none

Explanation:

PW = $\frac{100×Amount}{100+\left(R×T\right)}$

3 1505
Q:

The true-discount on Rs.2480 due after a certain period at 5% is Rs.80. Find the due period.

 A) 6months B) 5months C) 8months D) 3months

Explanation:

P.W= Amount – (T.D)

Time = $\frac{100×TD}{PW×R}$

2 1315
Q:

The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.

 A) (6 + 2/3)% B) (5+ 2/3)% C) (2+ 2/3)% D) (4+ 2/3)%

Explanation:

Sum ⇒ Amount

A = (SI x TD)/(SI - TD)

0 1500
Q:

The true discount on Rs.1600 due to after a certain of 5% per annum is Rs.160. The time after which it is due is

 A) 27months B) 23months C) 20months D) 12months