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1. Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?
Answer: Option B
Explanation:S.I. on Rs. (260 - 20) for a given time = Rs. 20.
S.I. on Rs. 240 for half the time = Rs. 10.
T.D. on Rs. 250 = Rs. 10.
T.D. on Rs. 260 = Rs. (10/250 x 260) = Rs. 10.40
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2. A bill falls due in 1 year.The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years.By this arrangement ins Rs.40.what is the amount of the bill,if he money be worth 12.5%?
Answer: Option C
Explanation:Let, the sum be Rs. x.
Now,
{ ( x / 2 ) + [ ( x / 2 ) *100 ] / [ 100 + ( 25 / 2 ) * 2 ] } - { ( x * 100 ) / [ 100 + ( 25 / 2 * 1 ) ] } = 40
or, ( x / 2 ) + ( 2x / 5 ) - ( 8x / 9 ) = 40
or, x = Rs. 3600.
Therfore, amount of the bill = Rs. 3600.
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3. 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. If the rate of interest be 10% per annum, in this mode of payment :
Answer: Option B
Explanation:Amount of money that A has to pay = P.W of Rs. 220 due 1 year hence
= Rs. { ( 220 x 100 ) / [ 100 + ( 10 x 1 ) ] }
= Rs. 200
Amount of money A actually pays = Rs. 110 + P.W of Rs. 110 due 2 years hence
= {110 + ( 110 x 100 ) / [ 100 + (10 x 2 ) ] }
= Rs. 192.66
Therefore, A gains = Rs. ( 200 - 192.66 )
= Rs. 7.34
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4. The profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs 490. At what price should the article be sold to make 25% profit?
Answer: Option C
Explanation:Lets assume C.P = Rs x
900 – x = 2(x – 450)
3x = 1800
X = Rs 600
C.P = Rs 600, gain required = 25%
S.P = (100 + gain%)*C.P/100
S.P = (100+25)*600/100 = Rs 750
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5. If a camera is purchased for Rs 490 and sold for Rs 465.50 find the loss%
Answer: Option A
Explanation:C.P = Rs 490
S.P = Rs 465.50
Loss = C.P – S.P = 490 – 465.50 = 24.5
Loss% = (loss * 100)/C.P% = 24.5*100/490% = 245/49% = 5%
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6. The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
Answer: Option D
Explanation:Let, P.W be Rs. x.
Then, S.I on Rs. x at 16% for 9 months = Rs. 189
So, x * 16 * ( 9 / 12 ) * ( 1 / 100 ) = 189
or, x= Rs. 1575
Therefore, Amount due = P.W + T.D
= Rs. ( 1575 + 189 )
= Rs. 1764
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7. A owes B, Rs. 1573 payable 1 1/2 years hence. Also B owes A, Rs.1444.50 payable 6 months hence. If they want to settle the account forthwith, keeping 14% as the rate of interest, then who should pay and how much ?
Answer: Option D
Explanation:A owes = P.w of Rs. 1573 due 3/2 years hence
= Rs. { ( 1573 x 100 ) / [ 100 + 14 x ( 3 / 2 ) ] }
= Rs. ( 1573 x 100 ) / 121
= Rs. 1300
B owes = P.W of Rs. 1444.50 due 6 months hence
= Rs. { ( 1444.50 x 100 ) / [ 100 + 14 x ( 1 / 2 ) ] }
= Rs. ( 1444.50 x 100) / 107
= Rs. 1350
Therefore, B should pay Rs. ( 1350 - 1300 ) = Rs. 50, to A.
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8. The true discount on a bill due 9 months hence at 12% per annum is Rs. Find the amount of the bill and its present worth.
Answer: Option D
Explanation:Let the amount of the bill be Rs. a
Then,
a x r x t / 100 + ( r x t ) = T.D
or, a x 12 x 3/4 / 100 + ( 12 x 3/4 ) = 540
or, a = 540 x 109 / 9
or, a = Rs. 6540
Therefore, Amount = Rs. 6540
Hence, Present worth, P.W = Rs. ( 6540 - 540 )
= Rs. 6000
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9. The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.
Answer: Option B
Explanation:Here is no explanation for this answer
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10. 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.
Answer: Option A
Explanation: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 ) %
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