The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
Correct answer A. Rs. 1325
Tip: press A, B, C or D to answer, and N for the next question.
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More True Discount questions
See allThe 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:
Correct answer C. Rs. 1360
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%
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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?
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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