Aptitude Question Papers

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TRUE DISCOUNT QUESTIONS AND ANSWERS 4 to 6

4. A owes B, Rs. 1120 payable 2 years hence and B owes A, Rs. 1081.50 payable 6 months hence. If they decide to settle their accounts forth with by payment of ready money and the rate of interest be 6% per annum, then who should pay and how much:

A, Rs. 50
B, Rs. 50
A, Rs. 70
B, Rs. 70

5. If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is:

Rs. 20
Rs. 21.81
Rs. 22
Rs. 18.33

6. 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 %
6%
5%

More TRUE DISCOUNT APTITUDE QUESTIONS AND ANSWERS available in next pages

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