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⁞ True Discount

Aptitude ➤ True Discount ➤ 1
Question 6
Q6.  Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2 % The rate of interest per annum is:
 

Answer :  16 2/3 %
Question 7
Q7.  The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
 

Answer :  Rs. 1764
Question 8
Q8.  A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:
 

Answer :  gains Rs. 50
Question 9
Q9.  The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:
 

Answer :  10 months
Question 10
Q10.  The present worth of Rs. 2310 due 2 1/2 years hence, the rate of interest being 15% per annum, is:
 

Answer :  Rs. 1680
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