Home > Aptitude > True Discount

True Discount - Questions and Answers

Practice questions on True Discount.

Ready to test your skills?

Take a timed mock test specifically for True Discount.

Start Mock Test
1. The true discount on a bill due 10 months hence at 6% per annum is Rs. 26.25. The amount of the bill is:
A. Rs. 1575
B. Rs. 500
C. Rs. 650.25
D. Rs. 551.25
Explanation: ANSWER : Rs. 551.25
2. The interest on Rs. 750 for 2 years is equal to the discount on Rs. 810 for the same time and at the same rate. The rate percent is:
A. 4 %
B. 5
C. 4%
D. 5%
Explanation: ANSWER : 4%
3. The true discount on Rs. 2575 due 4 months hence is Rs. 75. The rate percent is:
A. 6%
B. 8%
C. 9%
D. 5%
Explanation: ANSWER : 6%
4. 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:
A. Rs. 8100 in cash
B. Rs. 8250 due 6 months hence
C. both are equally good
D. Rs. 8100 in cash
Explanation: ANSWER : present worth of Rs. 1404 due in two equal half yearly instalments at 8% per annum simple interest is:
5. A has to pay Rs. 220 to B after 1 year, B asks A to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years. A agrees to it. Counting, the rate of interest at 10% per annum in this new mode of payment:
A. there is no gain or loss to any one
B. A loses Rs. 7.34
C. A loses Rs. 7.34
D. A gains Rs. 11
Explanation: ANSWER : A gains Rs. 7.34
« Prev123Next »