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Quantitative Aptitude > Discount

DISCOUNT COMBINED MCQs

Total Questions : 712 | Page 5 of 72 pages
Question 41.

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:

  1.    6 months
  2.    8 months
  3.    9 months
  4.    10 months
 Discuss Question
Answer: Option D. -> 10 months

P.W. = Rs. (1760 -160) = Rs. 1600.


So, S.I. on Rs. 1600 at 12% is Rs. 160.


Therefore Time = \(\left(\frac{100\times160}{1600\times12}\right) =\frac{5}{6} years = \left(\frac{5}{6}\times12\right)months = 10 months.\)

Question 42.

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

  1.    Rs. 1750
  2.    Rs. 1680
  3.    Rs. 1840
  4.    Rs. 1443.75
 Discuss Question
Answer: Option B. -> Rs. 1680

P.W. = Rs. \(\left[\frac{100\times2310}{100+\left(15\times\frac{5}{2}\right)}\right] = Rs.1680.\)

Question 43.

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?

  1.    Rs. 10
  2.    Rs. 10.40
  3.    Rs. 15.20
  4.    Rs. 13
 Discuss Question
Answer: Option B. -> Rs. 10.40

S.I. on Rs. (260 - 20) for a given time = Rs. 20.


S.I. on Rs. 240 for half the time = Rs. 10.


T.D. on Rs. 250 = Rs. 10.


Therefore T.D. on Rs. 260 = Rs. \(\left(\frac{10}{250}\times260\right) = Rs. 10.40\)

Question 44.

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:

  1.    12%
  2.    14%
  3.    15%
  4.     \(16\frac{2}{3}\) %
 Discuss Question
Answer: Option B. -> 14%

S.I. on Rs. 750 = T.D. on Rs. 960.


This means P.W. of Rs. 960 due 2 years hence is Rs. 750.


So,  T.D. = Rs. (960 - 750) = Rs. 210.


Thus, S.I. on R.s 750 for 2 years is Rs. 210.


So, Rate =    \(\left(\frac{100\times210}{750\times2}\right)\)  %  = 14%

Question 45.

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:

  1.    Rs. 1800
  2.    Rs. 1450
  3.    Rs. 1360
  4.    Rs. 6800
 Discuss Question
Answer: Option C. -> Rs. 1360

Sum = \(\frac{S.I\times T.D}{(S.I.)-(T.D.) }= \frac{85\times80}{(85-80)} =Rs. 1360\)

Question 46.

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

  1.    Rs. 1325
  2.    Rs. 1300
  3.    Rs. 1350
  4.    Rs. 1500
 Discuss Question
Answer: Option A. -> Rs. 1325

Required sum = P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence


= Rs. \(\left[\left(\frac{100\times702}{100+8\times\frac{1}{2}}\right)+\left(\frac{100\times702}{100+(8\times1)}\right)\right]\)


= Rs. (675 + 650)


= Rs. 1325.

Question 47.

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

  1.    Rs. 768
  2.    Rs. 968
  3.    Rs. 1960
  4.    Rs. 2400
 Discuss Question
Answer: Option A. -> Rs. 768

P.W. = \(\frac{100\times T.D.}{R\times T} = \frac{100\times168}{14\times2} = 600.\)


So, Sum = (P.W. + T.D.) = Rs. (600 + 168) = Rs. 768.

Question 48.

The bankers discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is :

  1.    Rs. 400
  2.    Rs. 360
  3.    Rs. 480
  4.    Rs. 320
 Discuss Question
Answer: Option A. -> Rs. 400

T.D.   =  \(\frac{B.D.\times 100}{100+(R\times T)}\)


= Rs.\(\left[\frac{420\times100}{100+\left(15\times\frac{1}{3}\right)}\right]\)


=Rs.  \(\left(\frac{420\times100}{105}\right)\)


= Rs.400.


 

Question 49.

The bankers discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

  1.    3 months
  2.    4 months
  3.    6 months
  4.    8 months
 Discuss Question
Answer: Option B. -> 4 months

S.I. on Rs. 1600 = T.D. on Rs. 1680.


So, Rs. 1600 is the P.W. of Rs. 1680, i.e., Rs. 80 is on Rs. 1600 at 15%.


So, Time = \(\left(\frac{100\times80}{1600\times15}\right)year = \frac{1}{3}year = 4 months.
\)

Question 50.

The bankers gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

  1.    Rs. 480
  2.    Rs. 520
  3.    Rs. 600
  4.    Rs. 960
 Discuss Question
Answer: Option C. -> Rs. 600

T.D.  = \(\left(\frac{B.G\times100}{Rate\times Time}\right) = Rs.\left(\frac{24\times100}{10\times100}\right) = Rs.120.\)


Therefore p.w. = \(\left(\frac{100\times T.D.}{Rate\times Time}\right) = Rs.\left(\frac{100\times120}{10\times100}\right) = Rs.600.\)

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