DISCOUNT

1.Simple interest on the sum due of a bill for the time from when the bill is discounted to the due date of bill is called
A.Simple Interest
B. Compound Interest
C.True Discount
D.Banker's Discount

2.The true discount on a sum of money due 1 years is Rs. 100 and banker's discount on the same sum  and for the same time is Rs. 104.The sum is :
A.Rs. 2500
B.Rs. 2550
C.Rs. 2600
D.Rs. 2700

3.The interest  of Rs. 5000 is equal to the true discount on Rs. 5050 at 4% p.a. The latter is due after :
A.3 months
B.4 months
C.5 months
D.6 months