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
3991
Find the banker's gain on a bill of Rs. 1250 due 5 years hence at 5% per annum.
Answer:
Rs. 62.50
Banker's Gain (BG) is the difference between Banker's Discount (BD) and True Discount (TD). We have BD = (1250 * 5 * 5) / 100 = Rs. 312.50, and TD = (1250 * 5 * 5) / 125 = Rs. 250. So, BG = 312.50 - 250 = Rs. 62.50.
3992
Find the banker's discount on a bill of Rs. 1250 due 5 years hence at 5% per annum.
Answer:
Rs. 312.50
The Banker's Discount (BD) is simple interest on the total amount due. BD = (Amount * R * T) / 100 = (1250 * 5 * 5) / 100 = 31250 / 100 = Rs. 312.50.
3993
What is the present worth of Rs. 1250 due 5 years hence at 5% per annum?
Answer:
Rs. 1000
Present Worth (PW) is calculated as PW = (100 * Amount) / (100 + R * T). Plugging in the given values: PW = (100 * 1250) / (100 + 25) = 125000 / 125 = Rs. 1000.
3994
Find the true discount on Rs. 1250 due 5 years hence at 5% per annum.
Answer:
Rs. 250
Using the True Discount formula TD = (Amount * R * T) / (100 + R * T). Substituting the values: TD = (1250 * 5 * 5) / (100 + 5 * 5) = 31250 / 125 = Rs. 250.
3995
The banker's discount and true discount on a certain sum of money are Rs. 134.40 and Rs. 120 respectively. What is the present worth of the sum?
Answer:
Rs. 1000
Present Worth (PW) can be found using the relationship PW = (TD^2) / (BD - TD). Substituting the values, PW = (120 * 120) / (134.40 - 120) = 14400 / 14.40 = Rs. 1000.
3996
The banker's discount and true discount on a certain sum of money are Rs. 134.40 and Rs. 120 respectively. Find the sum due.
Answer:
Rs. 1120
To find the sum due (Amount) when BD and TD are known, use the formula: Amount = (BD * TD) / (BD - TD). Amount = (134.40 * 120) / (134.40 - 120) = 16128 / 14.40 = Rs. 1120.
3997
Find the banker's gain on a bill of Rs. 1120 due 2 years hence at 6% per annum.
Answer:
Rs. 14.40
Banker's Gain (BG) is the difference between BD and TD. BD = (1120 * 6 * 2) / 100 = Rs. 134.40. TD = (1120 * 6 * 2) / 112 = Rs. 120. Therefore, BG = BD - TD = 134.40 - 120 = Rs. 14.40.
3998
Find the banker's discount on a bill of Rs. 1120 due 2 years hence at 6% per annum.
Answer:
Rs. 134.40
Banker's Discount (BD) is the simple interest on the total amount. BD = (Amount * R * T) / 100. Substituting the given values, BD = (1120 * 6 * 2) / 100 = 13440 / 100 = Rs. 134.40.
3999
What is the present worth of Rs. 1120 due 2 years hence at 6% per annum?
Answer:
Rs. 1000
The Present Worth (PW) is calculated as PW = (100 * Amount) / (100 + R * T). Here, Amount = Rs. 1120, R = 6%, and T = 2 years. PW = (100 * 1120) / (100 + 12) = 112000 / 112 = Rs. 1000.
4000
Find the true discount on Rs. 1120 due 2 years hence at 6% per annum.
Answer:
Rs. 120
Using the True Discount formula TD = (Amount * R * T) / (100 + R * T). Substituting the values: TD = (1120 * 6 * 2) / (100 + 6 * 2) = 13440 / 112 = Rs. 120.