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
4021
Find the banker's gain on a bill of Rs. 1100 due 1 year hence at 10% per annum.
Answer:
Rs. 10
Banker's Gain (BG) is the difference between BD and TD. BD = (1100 * 10 * 1) / 100 = Rs. 110. TD = (1100 * 10 * 1) / 110 = Rs. 100. Therefore, BG = BD - TD = 110 - 100 = Rs. 10.
4022
Find the banker's discount on a bill of Rs. 1100 due 1 year hence at 10% per annum.
Answer:
Rs. 110
Banker's Discount (BD) is the simple interest on the total amount. BD = (Amount * R * T) / 100. Substituting the given values, BD = (1100 * 10 * 1) / 100 = 11000 / 100 = Rs. 110.
4023
What is the present worth of Rs. 1100 due 1 year hence at 10% per annum?
Answer:
Rs. 1000
The Present Worth (PW) is calculated as PW = (100 * Amount) / (100 + R * T). Here, Amount = Rs. 1100, R = 10%, and T = 1 year. PW = (100 * 1100) / (100 + 10) = 110000 / 110 = Rs. 1000.
4024
Find the true discount on Rs. 1100 due 1 year hence at 10% per annum.
Answer:
Rs. 100
Using the True Discount formula TD = (Amount * R * T) / (100 + R * T). Substituting the values: TD = (1100 * 10 * 1) / (100 + 10 * 1) = 11000 / 110 = Rs. 100.
4025
The banker's discount and true discount on a certain sum of money are Rs. 780 and Rs. 600 respectively. What is the present worth of the sum?
Answer:
Rs. 2000
Present Worth (PW) can be found using the formula PW = Amount - TD. We first find Amount = (780 * 600) / 180 = Rs. 2600. Then, PW = 2600 - 600 = Rs. 2000. Alternatively, PW = (TD^2) / (BD - TD) = (600 * 600) / 180 = Rs. 2000.
4026
The banker's discount and true discount on a certain sum of money are Rs. 780 and Rs. 600 respectively. Find the sum due.
Answer:
Rs. 2600
The formula to find the sum due (Amount) when BD and TD are given is Amount = (BD * TD) / (BD - TD). Substituting the values, Amount = (780 * 600) / (780 - 600) = 468000 / 180 = Rs. 2600.
4027
Find the banker's gain on a bill of Rs. 2600 due 3 years hence at 10% per annum.
Answer:
Rs. 180
Banker's Gain (BG) can be calculated as the difference between Banker's Discount (BD) and True Discount (TD). First, BD = (2600 * 10 * 3) / 100 = Rs. 780. Next, TD = (2600 * 10 * 3) / 130 = Rs. 600. Thus, BG = BD - TD = 780 - 600 = Rs. 180.
4028
Find the banker's discount on a bill of Rs. 2600 due 3 years hence at 10% per annum.
Answer:
Rs. 780
The Banker's Discount (BD) is simple interest on the face value of the bill. The formula is BD = (Amount * R * T) / 100. Substituting the given values, BD = (2600 * 10 * 3) / 100 = 78000 / 100 = Rs. 780.
4029
What is the present worth of Rs. 2600 due 3 years hence at 10% per annum?
Answer:
Rs. 2000
The formula for Present Worth (PW) is PW = (100 * Amount) / (100 + R * T). Here, Amount = Rs. 2600, R = 10%, and T = 3 years. Therefore, PW = (100 * 2600) / (100 + 30) = 260000 / 130 = Rs. 2000.
4030
Find the true discount on Rs. 2600 due 3 years hence at 10% per annum.
Answer:
Rs. 600
The formula for True Discount (TD) is TD = (Amount * R * T) / (100 + R * T). Here, Amount = Rs. 2600, R = 10%, and T = 3 years. Plugging in the values, we get TD = (2600 * 10 * 3) / (100 + 10 * 3) = 78000 / 130 = Rs. 600.