# Practice Test -True Discount Aptitude

1. The present worth of Rs. 1404 due in two equal half-yearly instalments at 8% per annum simple interest is:

2. The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is

3. 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:

4. The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both eases, it is:

5. 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?

6. The true discount only Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

7. A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

8. A man wants to selfish scooter. There are two offers, one at Rs. 12,000 cash and the other at a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer:

9. 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 9 years. A agrees to it. If the rate of interest be 10% per annum, in this mode of payment:

10. The present worth of Rs. 2310 due 2 1/2 years hence. The rate of interest being 15% per annum is:

True Discount

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