Rs. 11,000 is divided between 8% stock at 80 and 9% stock at 108 so that the incomes from both are equal. How much goes into the 8% stock?
Correct answer C. Rs. 5,000
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A sum of Rs. 9,600 invested in 15% stock gives an annual income of Rs. 1,200. At what price was the stock bought?
Correct answer C. Rs. 120
What is the yield on 10% stock bought at 99 when brokerage is Rs. 1 per Rs. 100 stock?
Correct answer C. 10%
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A man buys Rs. 50 shares at a 10% discount, investing Rs. 4,500. If the dividend is 9%, what is his annual income?
Correct answer C. Rs. 450
What annual income does Rs. 11,000 invested in 15% stock at 110 produce?
Correct answer D. Rs. 1,500
What is the present worth of Rs. 1,100 due 1 year hence at 10% per annum simple interest?
Correct answer B. Rs. 1,000
What is the true discount on Rs. 1,150 due 18 months hence at 10% per annum?
Correct answer D. Rs. 150
What is the true discount on Rs. 1,872 due 8 months hence at 6% per annum?
Correct answer B. Rs. 72
The true discount on a bill due 6 months hence at 12% per annum is Rs. 60. What is the amount of the bill?
Correct answer B. Rs. 1,060
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The simple interest and the true discount on a sum for the same time and rate are Rs. 120 and Rs. 100. What is the sum?
Correct answer C. Rs. 600
The true discount on Rs. 1,440 at 10% per annum is Rs. 240. After how long is the sum due?
Correct answer C. 2 years
The true discount on Rs. 530 due 1 year hence is Rs. 30. What is the rate of interest?
Correct answer C. 6%
True discount on a sum due at a future date is equal to which of the following?
Correct answer B. Simple interest on the present worth
For the same sum, time and rate, how does the simple interest on the sum compare with its true discount?
Correct answer C. Simple interest is greater
A seller is offered Rs. 5,000 in cash or Rs. 5,300 after 6 months. If money is worth 12% per annum, which is true?
Correct answer D. Both offers are equally good
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A trader buys goods for Rs. 2,000 cash and sells them for Rs. 2,420 on 1 year’s credit. If interest is 10% per annum, what is his gain?
Correct answer D. Rs. 200
What is the present worth of Rs. 3,360 due 2 years hence at 6% per annum?
Correct answer A. Rs. 3,000
What is the true discount on Rs. 848 due 6 months hence at 12% per annum?
Correct answer D. Rs. 48
What is the present worth of Rs. 7,920 due 4 years hence at 8% per annum simple interest?
Correct answer D. Rs. 6,000
The present worth of a sum due 2 years hence is Rs. 800 and the true discount is Rs. 96. What is the rate of interest?
Correct answer A. 6%