New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Find the difference between True discount and Simple

    Interest on Rs. 7200 due after 5 years @ 4% per annum.
    A Rs. 120 Correct Answer Incorrect Answer
    B Rs. 240 Correct Answer Incorrect Answer
    C Rs. 360 Correct Answer Incorrect Answer
    D Rs. 480 Correct Answer Incorrect Answer

    Solution

    True Discount = A times; R times; T/{100 + (R times; T)} True Discount = 7200 times; 4 times; 5/(100 + 20) True Discount = 1200 Simple Interest - True Discount = 1200 times; 4 times; 5/100 = 240

    Practice Next