What rate present does a man get for his money when in discounting a bill due 10

Question

What rate present does a man get for his money when in discounting a bill due 10 months hence he deducts 10% of the amount of the bill ?

Options:

A . $$12\frac{1}{2}\,\% $$

B . $$13\frac{1}{5}\,\% $$

C . $$13\frac{1}{3}\,\% $$

D . $$13\frac{3}{7}\,\% $$

Answer: Option C

Submit Your Solution Below and Earn Points !

Next Question

More Questions on This Topic :

Question 1. The B.D. and T.D. on a certain sum is Rs. 200 and Rs. 100 respectively. Find out the sum.....

Question 2. The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?....

Question 3. The banker's gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth ?....

Question 4. The bankers discount and the true discount of a sum at 10% per annum simple interest for the same time are Rs. 100 and R....Rs. 80 respectively. What is the sum and the time?

Question 5. A bill is discounted at 10% per annum. If banker's discount is allowed, at what rate percent should the proceeds be inve....the proceeds be invested so that nothing will be lost?

Question 6. If the discount on Rs. 498 at 5% simple interest is Rs.18, when is the sum due?....

Question 7. The banker's discount of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time is Rs.....same time is Rs. 30. What is the sum due?

Question 8. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:....

Question 9. The Banker Gain on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?....

Question 10. The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 12....years is Rs. 1200. What is the rate per cent?

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0