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True Discount Questions and Answers

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Aptitude questions on Trues Discount
Quiz 1:

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?

Rs. 10
Rs. 10.40
Rs. 15.20
Rs. 13

2. 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:

12%
14%
15%
16(2/3)%

3. 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. 1800
Rs. 1450
Rs. 1360
Rs. 6800

4. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

Rs. 1325
Rs. 1300
Rs. 1350
Rs. 1500

5. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:

Rs. 768
Rs. 968
Rs. 1960
Rs. 2400

Score =
Correct answers:

Quiz 2:

1. 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:

16(2/3) %
14(1/2) %
13(1/3) %
15 %

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

Rs. 1386
Rs. 1764
Rs. 1575
Rs. 2268

3. 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:

gains Rs. 55
gains Rs. 50
loses Rs. 30
gains Rs. 30

4. 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:

6 months
8 months
9 months
10 months

5. The present worth of Rs. 2310 due 2(1/2)years hence, the rate of interest being 15% per annum, is:

Rs. 1750
Rs. 1680
Rs. 1840
Rs. 1443.75

Score =
Correct answers:

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