Quantitative Aptitude :: True Discount - Discussion
Home > Quantitative Aptitude > True Discount > MCQs Questions Discussion
8 / 25
Choose the correct option.
The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.
A(6 + \(\frac{2}{3}\))%
B(5+ \(\frac{2}{3}\))%
C(2+ \(\frac{2}{3}\))%
D(4+ \(\frac{2}{3}\))%
Answer: Option (Login/Signup)
Show Explanation
Asked In ::
STEP-BY-STEP
Sum can be calculated as,
S = ( S.I x T.D ) / ( S.I - T.D )
= Rs. [ ( 120 x 100 ) / ( 120 - 100 ) ]
= Rs. 600
And, Rate = ( 100 x 120 ) / ( 600 x 3 )
= 6.667%
= ( 6 + 2/3 ) %
Read Full Answer
Report Error
Please Login First Click Here