True Discount Formula Problems pdf Solved Aptitude question and answers
True discount defined as the interest on the present value. The present worth formula is used in the calculation of this problem. True discount and bankers discount differ by Bankers gain. From here you can also clear with the variations between simple interest and TD. This post will definitely help you in the preparation of CAT, GMAT ie., in MBA competitive entrance exams and bank exams like IBPS, SBI etc. Let us first discuss about the T.D formula and shortcut tricks and tips to do the numerical problems on this topic.
True discount formula
Important formula for true discount is explained here in this section. The effect of simple interest on this topic is also described here. Check out the formulas, try to remember it always as the problems are fully based on this.
In the above displayed formula you need to know some terms, those terms are given below for your convenience.
Where, R % = rate per annum.
T = time in years.
P.W = Present Worth.
T.D = True Discount.
T.D = Interest on P.W (Present Worth).
Amount = (P.W) + (T.D).
We trust that now you have clear with the difference between various terms such as present Worth, True and bankers discount, simple interest etc.
Example for true discount
In the above given example, you need to find the element gain. This how we gave you different type of important problems under this topic. To understand the true discount concept in deep, try out the solved quantitative aptitude problems which are displayed below.
True discount aptitude questions formula derivation
True Discount calculation including present worth calculation are explained here. The quantitative aptitude questions are solved here in step by step procedure for your ease. Practice these numerical problems to get a better understanding on this topic. Set of four problems were given below.
Video lectures on the concept of true discount
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