True Discount Questions and Answers - Arithmetic :: 3 :: part1

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True Discount QUESTIONS AND ANSWERS :: Arithmetic : part1 : 11 to 15

Following True Discount multiple choice objective type questions and answers will help you in many types of 2024 job and other entrance examinations :

11.A man purchased a cow for Rs. 300 and sold it the same day for Rs. 360, allowing the buyer a credit of 9 years. If the rate of interest be 7 % per annum, then the man has a gain of:

4 %

5 %

12.I want to sell may scooter. There are tow offers, one at cash payment of Rs. 8100 and another at a credit of Rs. 8250 to be paid after 6 months. If money being worth 6 per annum simple interest, which is the better offer:

Rs. 8100 in cash

Rs. 8250 due 6 months hence

both are equally good

Rs. 8100 in cash

13.A man buys a watch for Rs. 195 in cash and sells is for Rs. 220 at a credit of 1 year. If the rate of interest is 10% the man:

gains Rs. 15

gains Rs. 3

gains Rs. 5

loses Rs. 5

14.A trader owes a merchant Rs. 901 due 1 year’s hence. However, the trader wants to settle the account after 3 months. How much cash should he pay, if rate of interest is 8% per annum:

Rs. 870

Rs. 850

Rs. 828.92

Rs. 846.94

15.I want to sell may scooter. There are tow offers, one at cash payment of Rs. 8100 and another at a credit of Rs. 8250 to be paid after 6 months. If money being worth 6 per annum simple interest, which is the better offer:

Rs. 8100 in cash

Rs. 8250 due 6 months hence

both are equally good

Rs. 8100 in cash

More True Discount QUESTIONS AND ANSWERS available in next pages

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Arithmetic Questions And Answers :: True Discount: part1