All Categories MCQs
Topic Notes: All Categories
General Description
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
3961
Find the banker's gain on a bill of Rs. 1180 due 3 years hence at 6% per annum.
Answer:
Rs. 32.40
Banker's Gain (BG) is the difference between BD and TD. BD = (1180 * 6 * 3) / 100 = Rs. 212.40. TD = (1180 * 6 * 3) / 118 = Rs. 180. Thus, BG = BD - TD = 212.40 - 180 = Rs. 32.40.
3962
Find the banker's discount on a bill of Rs. 1180 due 3 years hence at 6% per annum.
Answer:
Rs. 212.40
Banker's Discount (BD) is calculated as simple interest on the amount. BD = (Amount * R * T) / 100. So, BD = (1180 * 6 * 3) / 100 = 21240 / 100 = Rs. 212.40.
3963
What is the present worth of Rs. 1180 due 3 years hence at 6% per annum?
Answer:
Rs. 1000
With Amount = Rs. 1180, R = 6%, and T = 3 years, the Present Worth PW = (100 * Amount) / (100 + R * T) = (100 * 1180) / (100 + 6 * 3) = 118000 / 118 = Rs. 1000.
3964
Find the true discount on Rs. 1180 due 3 years hence at 6% per annum.
Answer:
Rs. 180
Here, Amount = Rs. 1180, R = 6%, and T = 3 years. True Discount TD = (Amount * R * T) / (100 + R * T) = (1180 * 6 * 3) / (100 + 6 * 3) = 21240 / 118 = Rs. 180.
3965
The banker's discount and true discount on a certain sum of money are Rs. 422.40 and Rs. 320 respectively. What is the present worth of the sum?
Answer:
Rs. 1000
To find the Present Worth (PW), we can use the formula PW = (TD^2) / (BD - TD). Substituting the values gives PW = (320 * 320) / (422.40 - 320) = 102400 / 102.40 = Rs. 1000.
3966
The banker's discount and true discount on a certain sum of money are Rs. 422.40 and Rs. 320 respectively. Find the sum due.
Answer:
Rs. 1320
The sum due (Amount) is calculated using Amount = (BD * TD) / (BD - TD). Plugging in the given values: Amount = (422.40 * 320) / (422.40 - 320) = 135168 / 102.40 = Rs. 1320.
3967
Find the banker's gain on a bill of Rs. 1320 due 2 years hence at 16% per annum.
Answer:
Rs. 102.40
Banker's Gain (BG) is the difference between Banker's Discount (BD) and True Discount (TD). We have BD = (1320 * 16 * 2) / 100 = Rs. 422.40, and TD = (1320 * 16 * 2) / 132 = Rs. 320. So, BG = 422.40 - 320 = Rs. 102.40.
3968
Find the banker's discount on a bill of Rs. 1320 due 2 years hence at 16% per annum.
Answer:
Rs. 422.40
The Banker's Discount (BD) is simple interest on the total amount due. BD = (Amount * R * T) / 100 = (1320 * 16 * 2) / 100 = 42240 / 100 = Rs. 422.40.
3969
What is the present worth of Rs. 1320 due 2 years hence at 16% per annum?
Answer:
Rs. 1000
Present Worth (PW) is calculated as PW = (100 * Amount) / (100 + R * T). Plugging in the given values: PW = (100 * 1320) / (100 + 32) = 132000 / 132 = Rs. 1000.
3970
Find the true discount on Rs. 1320 due 2 years hence at 16% per annum.
Answer:
Rs. 320
Using the True Discount formula TD = (Amount * R * T) / (100 + R * T). Substituting the values: TD = (1320 * 16 * 2) / (100 + 16 * 2) = 42240 / 132 = Rs. 320.