True Discount
1. The difference between the simple interest and the true discount on a sum of ₹1200 for 2 years at 10% per annum is:
A. ₹12
B. ₹20
C. ₹30
D. ₹40
D. ₹40
2. The true discount on a bill of ₹2600 due in 2 years at 5% per annum is:
A. ₹247.62
B. ₹236.36
C. ₹120
D. ₹126
B. ₹236.36
3. The present worth of a bill of ₹500 due in 1 year at 5% simple interest is:
A. ₹476.19
B. ₹480
C. ₹476
D. ₹475.19
A. ₹476.19
4. The banker’s discount on a bill of ₹6000 for 3 years at 10% per annum is:
A. ₹1500
B. ₹1800
C. ₹1200
D. ₹1600
B. ₹1800
5. If the true discount on a bill of ₹1560 due in 1 year is ₹60, then the rate percent is:
A. 4%
B. 5%
C. 3%
D. 6%
A. 4%
6. The true discount on a bill of ₹1460 due after 9 months at 10% per annum is:
A. ₹110
B. ₹90
C. ₹100
D. ₹120
C. ₹100
7. The banker’s gain on a bill of ₹1200 due in 1 year at 10% per annum is:
A. ₹10.91
B. ₹9.91
C. ₹11.91
D. ₹10
A. ₹10.91
8. The difference between banker's discount and true discount on ₹1,200 for 9 months at 8% is:
A. ₹4.08
B. ₹4.32
C. ₹3.60
D. ₹2.88
A. ₹4.08
9. The true discount on ₹1,560 due 6 months hence is ₹60. What is the rate percent?
A. 10%
B. 8%
C. 15%
D. 12%
B. 8%
10. The banker's discount on a bill due 1 year hence at 12% is ₹90. What is the true discount?
A. ₹80.36
B. ₹85.00
C. ₹87.50
D. ₹82.50
A. ₹80.36