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Q:

The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?

A) Rs. 24	B) Rs. 12
C) Rs. 36	D) Rs. 18

Answer & Explanation Answer: D) Rs. 18

Explanation:

T= 6 months = 1/2 year

R = 6%

 $T D = \frac{B D \times 100}{100 + T R} = \frac{18.54 \times 100}{100 + (\frac{1}{2} \times 6)} = R s . 18$

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Q:

The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?

A) Rs. 4500	B) Rs. 6000
C) Rs. 5000	D) Rs. 4000

Answer & Explanation Answer: C) Rs. 5000

Explanation:

T = 4 years

R = 5%

Banker's Gain, BG = Rs.200

$T D = \frac{B G \times 100}{T R} = \frac{200 \times 100}{4 \times 5} = R s . 1000$

$T D = \sqrt{P W \times B G}$

$\Rightarrow 1000 = \sqrt{P W \times 200}$

=>PW = Rs.5000

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Q:

What is the present worth of a bill of Rs.1764 due 2 years hence at 5% compound interest is

A) Rs. 1600	B) Rs. 1200
C) Rs. 1800	D) Rs. 1400

Answer & Explanation Answer: A) Rs. 1600

Explanation:

Since the compound interest is taken here,

$P W {(1 + \frac{5}{100})}^{2} = 1764$

=> PW = 1600

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Q:

The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:

A) Rs. 21	B) Rs. 17
C) Rs. 18	D) Rs. 34

Answer & Explanation Answer: D) Rs. 34

Explanation:

$B G = \frac{{(T D)}^{2}}{P W} = \frac{(340)^{2}}{3400} = R s . 34$

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Q:

chart of depreciation is assigned to company code and necessary data for asset accounting is added to company code. Hence company code is available for use in asset accounting

A) TRUE

B) FALSE

Answer & Explanation Answer: A) TRUE

Explanation:

Workspace

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Subject: SAP FI

Q:

One of the important humanitarian by-products of technology is the greater dignity and value that it imparts to human labour. In a highly industrialized society, there is no essential difference between Brahmin and Dalit, Muslim and Hindu; they are equally useful and hence equally valuable for in the industrial society individual productivity fixes the size of the pay cheque and this fixes social status.

The passage best supports the statement that:

A) technology decides individual's social status.	B) castes and religions are man-made.
C) human labour has dignity and value.	D) all individuals, irrespective of caste and creed, are born equal.

Answer & Explanation Answer: C) human labour has dignity and value.

Explanation:

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Filed Under: Theme Detection

Q:

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's

discount is:

A) 1315	B) 1150
C) 1020	D) 980

Answer & Explanation Answer: C) 1020

Explanation:

T.D. =(B.G*100)/(R*T)=Rs(270*100)/(12*3) = Rs. 750.

B.D. = Rs.(750 + 270) = Rs. 1020.

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Q:

The banker's discount on a certain sum due 2 years hence is11/10of the true discount.

The rate percent is:

A) 10%	B) 7%
C) 8%	D) 5%

Answer & Explanation Answer: D) 5%

Explanation:

Let T.D. be Re. 1.

Then, B.D. = Rs.11/10= Rs. 1.10.

Sum = Rs. (1.10*1)/(1.10-1) = Rs. (110/10)= Rs. 11.

S.I. on Rs. 11 for 2 years is Rs. 1.10

Rate = [(100 x 1.10)/(11 x 2 )]% = 5%.

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