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1) The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 25 and Rs. 20 respectively. The sum is ?
No Explanation found. Add Explanation and get +2 points.
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2) The difference between the simple interest and the true discount on a certain sum of money for 6 months at 6% is Rs. 27. Find the sum?
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3) A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ?
Explanation :
P.W. of Rs. 220 due 1 year hence = Rs. (100 x 220) / (100 + 10)
= Rs. 200
hence, the man gains Rs. 5
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4) What will be the true discount for the present worth of ₹ 600 for a period of 4 yr at 4% per annum rate of interest?
Explanation :
Given that, T = 4 yr, R = 4%
PW = ₹ 600 and TD = ?
According to the formula, (1)
TD = (PW x R x T)/100
TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96
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5) If the true discount for a sum of ₹ 50000 for a period of 4 yr at a certain rate of interest per annum is ₹ 2000, find the rate of interest.
Explanation :
Given that, PW =₹ 50000,
TD =₹ 2000, T = 4 yr and R = ?
According to the formula, (1)
TD = (PW x R x T) / 100
⇒ 2000 = (50000 x R x 4) / 100
∴ R = (2000 x 100) / (50000 x 4) = 20/20 = 1%
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6) Find the present worth of Rs. 264 due in 2 years reckoning simple interest at 5 percent per annum ?
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7) What is the present worth of Rs. 272.61 due in 2 years 73 days at 7.5 percent ?
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8) The true discount on a certain sum of money due after 2.5 years at 6% per annum is less than the simple interest on the same sum for the same time by Rs. 81. Find the sum?
Explanation :
Req. amount = [81 x (100 + 6 x 5/2) x 100] / [(6 x 5/2)2]
= (8100 x 115) / 225
= Rs. 4140
Here, S.I. - T.D. = Rs. 81
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9) The true discount on Rs. 340 due 5 years hence is Rs. 40. Find the rate percent ?
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10) Idiom and phrases for - An Axe To Grind
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