Alerts Wishlist Cart

A sum of money amounts to $1500 after 2 years at a certain rate of interest. If

Practice Questions

Q1
A sum of money amounts to $1500 after 2 years at a certain rate of interest. If the true discount is $300, what is the present worth?
  1. $1200
  2. $1300
  3. $1400
  4. $1500

Questions & Step-by-Step Solutions

A sum of money amounts to $1500 after 2 years at a certain rate of interest. If the true discount is $300, what is the present worth?
  • Step 1: Identify the total amount after 2 years, which is $1500.
  • Step 2: Identify the true discount, which is $300.
  • Step 3: Use the formula for Present Worth: Present Worth = Amount - True Discount.
  • Step 4: Substitute the values into the formula: Present Worth = 1500 - 300.
  • Step 5: Calculate the Present Worth: 1500 - 300 = 1200.
  • Present Worth Calculation – Understanding how to calculate present worth using the amount and true discount.
  • True Discount – Knowledge of what true discount means in the context of interest and present value.
  • Interest and Time Relationship – Recognizing the relationship between time, interest, and the amount in financial calculations.
Biology (School & UG)
Biology (School & UG)
Chemistry (School & UG)
Chemistry (School & UG)
Civil Engineering
Civil Engineering
Commerce & Accountancy
Commerce & Accountancy
Computer Science & IT
Computer Science & IT
Current Affairs & GK
Current Affairs & GK
Data Structures & Algorithms
Data Structures & Algorithms
eBooks
eBooks
Electrical & Electronics Engineering
Electrical & Electronics Engineering
English (School)
English (School)
General Aptitude
General Aptitude
General Knowledge
General Knowledge
General Knowledge & Current Affairs
General Knowledge & Current Affairs
Languages & Literature
Languages & Literature
Law & Legal Studies
Law & Legal Studies
Major Competitive Exams
Major Competitive Exams
Mathematics (School)
Mathematics (School)
Mechanical Engineering
Mechanical Engineering
Medical Science
Medical Science
Physics (School & Undergraduate)
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Quantitative Aptitude & Reasoning
Social Science (School)
Social Science (School)
Technical
Technical
Verbal and Reasoning
Verbal and Reasoning
Vocational & Skill Development
Vocational & Skill Development
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely