1 The present worth of Rs. 2310 due 2(1/2) years hence, the rate of interest being 15% per annum, is : A) Rs. 1750 B) Rs. 1680 C) Rs. 1840 D) Rs. 1443.75
2 If the true discount on a sum due 2 years hence at 14% per annum be Rs. 168, the sum due is : A) Rs. 768 B) Rs. 968 C) Rs. 1960 D) Rs. 2400
3 The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is : A) 12% B) 13(1/3)% C) 15% D) 14%
4 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 : A) 6 months B) 8 months C) 9 months D) 10 months
5 The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is : A) Rs. 1386 B) Rs. 1764 C) Rs. 1575 D) Rs. 2268
6 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 eases, it is : A) 12% B) 14% C) 15% D) 16(2/3)%
7 The 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 : A) Rs. 1800 B) Rs. 1450 C) Rs. 1360 D) Rs. 6800
8 A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other at a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer ? A) Rs. 12,000 in cash B) Rs. 12,880 at credit C) Both are equally good
9 Goods were bought for Rs. 600 and sold the same day for Rs. 688.50 at a credit of 9 months and thus gaining 2%, The rate of interest per annum is : A) 16(2/3)% B) 14(1/2)% C) 13(1/3)% D) 15%
10 The present worth of Rs. 1404 due in two equal half-yearly instalments at 8% per annum simple interest is : A) Rs. 1325 B) Rs. 1300 C) Rs. 1350 D) Rs. 1500
11 A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should he pay ? A) Rs. 9025.20 B) Rs. 9200 C) Rs. 9600 D) Rs. 9560
12 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 : A) gains Rs. 55 B) gains Rs. 50 C) loses Rs. 30 D) gains Rs. 30
13 A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of : A) 0% B) 5% C) 7.5% D) 10%
14 A owes B, Rs. 1573 payable 1(1/2) years hence. Also B owes A, Rs, 1444.50 payable 6 months hence. If they want to settle the account forthwith, keeping 14% as the rate of interest, then who should pay and how much ? A) A, Rs. 28.50 B) B, Rs. 37.50 C) A, Rs. 50 D) B, Rs. 50
15 A has to pay Rs. 220 to B after 1 year. B asks A to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years. A agrees to it. If the rate of interest be 10% per annum, in this mode of payment : A) There is no gain or loss to any one B) A gains Rs. 7.34 C) A loses Rs. 7.34 D) A gains Rs. 11
