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:

2. 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?

3. The true discount on Rs.2562 due 4 month hence is Rs.122. The rate percent is ?

4. the time discount on a sum due 2 years hence at 14% per annum be Rs.168, the sum due is:

5. 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?

6. 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?

7. 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:

8. Find the preset worth of Rs.930 due 3.years hence at 8% per annum ?

9. 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:

10. 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?

11. The true discount on a bill due 9 months hence at 16% per annum is Rs.189. The amount of the bill is:

12. 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:

13. The preset worth of Rs.2310 due 2 2 years hence, the rate of interest being 15% per annum is:

14. 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:

15. 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.

16. 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:

17. The present worth of Rs.1404 due in two equal Hal-yearly installment at 8% per annum simple
interest is: