If a banker's gain is 1/25 of the true discount and the bill is due after 3 months. Calculate the rate of interest.
11%
13 %
14%
16%
Find correct to the nearset paisa the true present worth of a bill for Rs 95 due in 7 months time, allowing interest at 4 1/2 % p.a .find also the true discount ?
1
1.89
2.43
3.21
A dealer buys an old scooter listed at Rs 2600 and gets successive discount of 5% and 10% . He spends some amount on its repairs and sells of it for rs 2750, there by gaining 10 % . Find the amount spent by the dealer on repairs.
277
377
477
577
A bill of exchange for Rs.846.50 at 4 months after sight was drawn on 12 January 1992 and accepted at 3 1/2 % on 8 February 1992. Find the banker's discount and the discounted value of the bill
635.63
745.81
808.61
838.63
Find how much a bill broker gives for a bill of Rs.400, drawn on June1 for 2 months, which the discount on July 6 at 5% p.a
359.25
368.21
394.41
398.41
Find a single discount equivalent to the discount series 20 %, 10 %, 5 %
30.8 %
31.6%
32.4 %
33.5%
A shop keeper purchases a table marked at Rs.2000 at successive discount of 10% and 15% respectively. He spent Rs 70 on transportation and sold the table for Rs 2080. Finf his gain per cent ?
10%
20%
30%
40%
A bill for Rs28050 is drawn on 22 April 1990 at 11 months and is discounted on 11 January 1991. Find the banker's gain if the rate of interest be 10%
11
21
31
41
The trade discount on a bill of Rs 660 is Rs 110. The rate of interest is 4 per cent . In how much time will the bill the due?
2 years
3 years
4 years
5 years
The list price of a watch is Rs.160. A retailer pays Rs.122.40 for it. he gets successive discount of 10 % and another rate which is illegible. What is second discount rate ?
5%
15%
