Aptitude Quiz - True Discount 1

Bankers Adda is also known to be called as Aptitude Quiz adda.
Today Bankers Adda came back with a New Quiz on Aptitude
Go through the quiz and if you have any doubts please contact bankers adda in the comment section.

1. A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?

A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560

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

A. Rs. 1386
B. Rs. 1764
C. Rs. 1575
D. Rs. 2268

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:

A. Rs. 1800
B. Rs. 1450
C. Rs. 1360
D. Rs. 6800

4. 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

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

A. Rs. 1325
B. Rs. 1300
C. Rs. 1350
D. Rs. 1500

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