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 cases, it is:
Correct answer B. 14%
Tip: press A, B, C or D to answer, and N for the next question.
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More True Discount questions
See allRs. 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?
Correct answer B. Rs. 10.40
The present worth of Rs. 2310 due 2 years hence, the rate of interest being 15% per annum, is:
Correct answer B. Rs. 1680
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The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:
Correct answer D. 10 months
A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:
Correct answer B. gains Rs. 50
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