True Discount mcqs test 01 1. The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs.85 and Rs.80 respectively. The sum is: Rs.1000 Rs.1360 Rs.1260 Rs.1450 2. 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? Rs.15 Rs.88 Rs.12.50 Rs.10.40 3. A man wants to sell his scooter. There are two offers, one at Rs.12000 cash and the other at a credit of Rs.12880 to be paid after 8 months, money being at 18% per annum. Which is the better offer? Rs.15000 in cash Rs.13000 in cash Rs.12000 in cash Rs.14000 in cash 4. The present worth of Rs.1404 due in two equal Hal-yearly installment at 8% per annum simple interest is: Rs.1375 Rs.1325 Rs.1000 Rs.1550 5. The true discount on a bill due 9 months hence at 12% per annum is Rs.540. Find the amount of the bill and its present worth. Rs.8000 Rs.60000 Rs.7000 Rs.6500 6. If Rs.10 be allowed as a 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: Rs.25 Rs.12 Rs.18.33 Rs.20.25 7. The true discount on a bill due 9 months hence at 16% per annum is Rs.189. The amount of the bill is: Rs.1750 Rs.1740 Rs.1840 Rs.1764 8. the time discount on a sum due 2 years hence at 14% per annum be Rs.168, the sum due is: Rs.7500 Rs.600 Rs.850 Rs.768 9. A trader owes a merchant Rs.10028 due one year hence. the trader wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should he pay? Rs.8700 Rs.9800 Rs.8000 Rs.9200 10. Find the preset worth of Rs.930 due 3.years hence at 8% per annum ? Rs.700 Rs.800 Rs.850 Rs.750 11. The true discount on Rs.2562 due 4 month hence is Rs.122. The rate percent is ? 15% 18% 10% 22% 12. Goods were bought for Rs.600 and sold the same day for Rs.688.50 at a credit of 9 months and thus gaining 2%. The rate of interest per annum is: 18 % 10.5% 16 2/3% 12.5% 13. A Owes B, Rs.1573 payable 1.5 years hence. Also B owes A, Rs.1444.50 payable 8 months forthwith, keeping 14% as the rate of interest, then who should pay and how much? A – Rs.28.50 A – Rs.56 B-Rs.27.50 B-Rs.50 14. The preset worth of Rs.2310 due 2 2 years hence, the rate of interest being 15% per annum is: Rs.1720 Rs.1680 Rs.1750. Rs.1400 15. A man buys a watch for Rs.1950 in cash and sells it for Rs.2200 at a credit of one year, If the rate of interest 10% per annum, the man gains: loses Rs.30 gains Rs.50 gains Rs.45 loses Rs.45 16. 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: 18 months 10 months 12 months 11 months 17. 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: 16% 18% 14% 10% Loading …