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Aptitude test questions about True Discount

Aptitude test questions about True Discount These are some aptitude test questions as follows: 1. Sample questions of aptitude test 1. The...

Aptitude test questions about True Discount

These are some aptitude test questions as follows:

1. Sample questions of aptitude test



1. The true discount on a bill due 9 months hence at 16% per annum is Usd 189. The amount of the bill is:
A. Usd 1386 B. Usd 1764 C. Usd 1575 D. Usd 2268

2. If the true discount on s sum due 2 years hence at 14% per annum be Usd 168, the sum due is:
A. Usd 768 B. Usd 968 C. Usd 1960 D. Usd 2400

3. The simple interest and the true discount on a certain sum for a given time and at a given rate are Usd 85 and Usd 80 respectively. The sum is:
A. Usd 1800 B. Usd 1450 C. Usd 1360 D. Usd 6800

4. A man wants to sell his scooter. There are two offers, one at Usd 12,000 cash and the other a credit of Usd 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?
A. Usd 12,000 in cash B. s. 12,880 at credit C. Both are equally good D. [NIL]

5. A trader owes a merchant Usd 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?
A. Usd 9025.20 B. Usd 9200 C. Usd 9600 D. Usd 9560

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