Discount Combined(Quantitative Aptitude > Discount ) Questions and Answers

Question 1.

 



  1. If the true discount on a sum due 3 years hence at 15% per annum simple interest is Rs 225 find the sum.

  1.    Rs 625
  2.    Rs 675
  3.    Rs 725
  4.    Rs 775
Explanation:-
Answer: Option C. -> Rs 725
Question 2.

  1. What sum will discharge a debt of Rs 8175 due in 5 months if money is worth 5\(\frac{1}{2}\)% p.a.?

  1.     Rs 8000
  2.    Rs 8500
  3.    Rs 9000
  4.    Rs 9500
Explanation:-
Answer: Option A. -> Rs 8000
Question 3.

  1. What is the present worth of Rs 1280 due 4 years hence at 7% p.a. simple interest?

  1.    Rs1000
  2.    Rs 1100
  3.    Rs 1200
  4.    Rs 1300
Explanation:-
Answer: Option A. -> Rs1000
Question 4.

  1. What is the discount on a bill of Rs 3528 due 2 years hence at 5% p.a. compound interest?

  1.    Rs 324
  2.    Rs 328
  3.    Rs 332
  4.     none of these
Explanation:-
Answer: Option B. -> Rs 328
Question 5.

  1. The present worth of a certain bill due sometimes hence is Rs 7500 and the true discount is Rs 150. Find the banker’s discount.

  1.    Rs 151
  2.    Rs 152
  3.    Rs 153
  4.    Rs 154
Explanation:-
Answer: Option C. -> Rs 153
Question 6.

  1. If the true discount on a certain sum of money due after 2 years at 16% per annum is Rs 640, find the sum.

  1.    Rs 2440
  2.    Rs 2540
  3.    Rs 2640
  4.    Rs 2740
Explanation:-
Answer: Option C. -> Rs 2640
Question 7.

  1. If the present worth of Rs 6300 is Rs 6000, when is the sum due if the rate of interest is 12% p.a.?

  1.    After 5 months
  2.    10 months hence
  3.    After 3 months
  4.     none of thes
Explanation:-
Answer: Option A. -> After 5 months
Question 8.

  1. The banker’s gain on a sum due 2 years hence at 15% per annum simple interest is Rs 60. The true discount on the same sum at the same rate and time is

  1.    Rs 100
  2.    Rs 150
  3.    Rs 200
  4.    Rs 250
Explanation:-
Answer: Option C. -> Rs 200
Question 9.

  1. A bill is due after 6 months. The creditor agrees to accept the immediate payment of half the amount of the bill and defer the payment of the other half by 12 months. In this way he gains Rs 5. Find the amount of the bill, if money is worth 20% per annum?

  1.    Rs 400
  2.    Rs 550
  3.    Rs 660
  4.     none of these
Explanation:-
Answer: Option C. -> Rs 660
Question 10.

  1. True discount on a bill of Rs 2600 is Rs 100 at the rate of 8% p.a. The time allowed for the payment is

  1.    3 month
  2.    4 month
  3.    5 month
  4.    6 month
Explanation:-
Answer: Option D. -> 6 month
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