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Omveer • 5.26K Points
Tutor III Math 

3) A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ?

(A) Gains Rs. 15
(B) Gains Rs. 3
(C) Gains Rs. 5
(D) Loses Rs. 5
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Correct Answer - Option (C)

Explanation :
P.W. of Rs. 220 due 1 year hence = Rs. (100 x 220) / (100 + 10) = Rs. 200 hence, the man gains Rs. 5

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O

Omveer • 5.26K Points
Tutor III Math 

4) What will be the true discount for the present worth of ₹ 600 for a period of 4 yr at 4% per annum rate of interest?

(A) ₹ 100
(B) ₹ 32
(C) ₹ 86
(D) ₹ 96
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Correct Answer - Option (D)

Explanation :
Given that, T = 4 yr, R = 4% PW = ₹ 600 and TD = ? According to the formula, (1) TD = (PW x R x T)/100 TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96

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O

Omveer • 5.26K Points
Tutor III Math 

5) If the true discount for a sum of ₹ 50000 for a period of 4 yr at a certain rate of interest per annum is ₹ 2000, find the rate of interest.

(A) 1%
(B) 1.5%
(C) 2%
(D) 5%
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Correct Answer - Option (A)

Explanation :
Given that, PW =₹ 50000, TD =₹ 2000, T = 4 yr and R = ? According to the formula, (1) TD = (PW x R x T) / 100 ⇒ 2000 = (50000 x R x 4) / 100 ∴ R = (2000 x 100) / (50000 x 4) = 20/20 = 1%

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O

Omveer • 5.26K Points
Tutor III Math 

8) The true discount on a certain sum of money due after 2.5 years at 6% per annum is less than the simple interest on the same sum for the same time by Rs. 81. Find the sum?

(A) Rs. 4140
(B) Rs. 4240
(C) Rs. 4150
(D) Rs. 4250
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Correct Answer - Option (A)

Explanation :
Req. amount = [81 x (100 + 6 x 5/2) x 100] / [(6 x 5/2)2] = (8100 x 115) / 225 = Rs. 4140 Here, S.I. - T.D. = Rs. 81

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You are learning MCQ Questions of SSC Department : 159 | Page : 1

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