Aptitude - True Discount - Discussion

Discussion Forum : True Discount - General Questions (Q.No. 2)
2.
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
12%
13 1 %
3
15%
14%
Answer: Option
Explanation:

P.W. = Rs. (2562 - 122) = Rs. 2440.

S.I. on Rs. 2440 for 4 months is Rs. 122.

Rate = 100 x 122 % = 15%.
2440 x 1
3

Discussion:
47 comments Page 4 of 5.

Amal raj said:   1 decade ago
Please explain SI.

Kumar said:   1 decade ago
Are SI and td are equal. ? please explain.

Deepa said:   1 decade ago
amt=present worth + true discount

pw=amt-td
2562-122
pw=2440

TIME=4MONTHS/12=1/3

SI=PTR/100

PTR=SI*100

R=(SI*100)/PT

R=(122*100)/2440*1/3
R=15%
(1)

Hannah said:   1 decade ago
Im not able to understand by seeing the sum which formula i have to use.

Rajeev said:   1 decade ago
Since time and intrest must be calculated in year so month convert into year.

Kathya said:   1 decade ago
So nice explanation.

Yazhini said:   1 decade ago
Totally there are 12 months int the year. Hence 4/12months=1/3.

Abhishek kumar tiwari said:   1 decade ago
What is the P.W ? I know 4 month is the 1/3 of the year. But I don't no P.W.

Aishu said:   1 decade ago
100*122/2440*(1/3)
1/3 can be written as 100*122*3/2440*1
by solving this equation we get the value 15%

Gnana said:   1 decade ago
How 15% is possible, can any one help for it.


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