1.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 ? A) Rs. 10 B) Rs. 10.40 C) Rs. 15.20 D) Rs. 13 View Answer Report DiscussAnswer: Option BExplanation:
2.A has to pay Rs. 220 to B after 1 year. B asks A to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years. A agrees to it. If the rate of interest be 10% per annum, in this mode of payment : A) There is no gain or loss to any one B) A gains Rs. 7.34 C) A loses Rs. 7.34 D) A gains Rs. 11 View Answer Report DiscussAnswer: Option BExplanation:
3.A owes B, Rs. 1573 payable 1(1/2) years hence. Also B owes A, Rs, 1444.50 payable 6 months hence. If they want to settle the account forthwith, keeping 14% as the rate of interest, then who should pay and how much ? A) A, Rs. 28.50 B) B, Rs. 37.50 C) A, Rs. 50 D) B, Rs. 50 View Answer Report DiscussAnswer: Option DExplanation:
4.A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of : A) 0% B) 5% C) 7.5% D) 10% View Answer Report DiscussAnswer: Option AExplanation:
5.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 : A) gains Rs. 55 B) gains Rs. 50 C) loses Rs. 30 D) gains Rs. 30 View Answer Report DiscussAnswer: Option BExplanation:
