Banker's Discount - General Questions (1)

The banker's discount on a certain sum due 2 years hence is	11	of the true discount.
	10

The rate percent is:

A.	11%
B.	10%
C.	5%
D.	5.5%

Answer: Option C

Explanation:

Let T.D. be Re. 1.

Then, B.D. = Rs.	11	= Rs. 1.10.
	10

Sum = Rs.		1.10 x 1		= Rs.		110		= Rs. 11.
		1.10 - 1				10

S.I. on Rs. 11 for 2 years is Rs. 1.10

Rate =		100 x 1.10	%	= 5%.
		11 x 2

The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

A.	Rs. 60
B.	Rs. 108
C.	Rs. 110
D.	Rs. 112

Answer: Option B

Explanation:

P.W. = Rs. (540 - 90) = Rs. 450.

S.I. on Rs. 450 = Rs. 90.

S.I. on Rs. 540 = Rs.		90	x 540		= Rs. 108.
		450

B.D. = Rs. 108.

The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:

A.	Rs. 36
B.	Rs. 72
C.	Rs. 48
D.	Rs. 96

Answer: Option D

Explanation:

T.D. = √P.W. x B.G. = √576 x 16 = 96.

The banker's gain on a certain sum due 1	1	years hence is	3	of the banker's
	2		25

discount. The rate percent is:

A.	5 1/5 %
B.	9 1/11 %
C.	8 1/8 %
D.	6 1/6 %

Answer: Option B

Explanation:

Let, B.D = Re. 1.

Then, B.G. = Re.	3	.
	25

T.D. = (B.D. - B.G.) = Re.		1 -	3		= Re.	22	.
			25			25

Sum =		1 x (22/25)		= Rs.	22	.
		1-(22/25)			3

S.I. on Rs.	22	for 1	1	years is Re. 1.
	3		2

Rate =

100 x 1

=	100	= 9	1	%.
	11		11

22	x	3
3	x	2

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

A.	Rs. 72
B.	Rs. 36
C.	Rs. 54
D.	Rs. 50

Answer: Option D

Explanation:

T.D. =	B.G. x 100	= Rs.		6 x 100		= Rs. 50.
	R x T			12 x 1

The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:

A.	Rs. 37
B.	Rs. 37.62
C.	Rs. 34.38
D.	Rs. 38.98

Answer: Option B

Explanation:

B.G. =	(T.D.)²	= Rs.		36 x 36		= Rs. 1.62
	P.W.			800

B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62

The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:

A.	Rs. 20
B.	Rs. 24
C.	Rs. 16
D.	Rs. 12

Answer: Option C

Explanation:

B.G. =	(T.D.)²	= Rs.		160 x 160		= Rs. 16.
	P.W.			1600

The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:

A.	Rs. 360
B.	Rs. 432
C.	Rs. 540
D.	Rs. 1080

Answer: Option A

Explanation:

Sum =	B.D. x T.D.	= Rs.		72 x 60		= Rs.		72 x 60		= Rs. 360.
	B.D. - T.D.			72 - 60				12

Banker's Discount - General Questions (1)

Questions & Answers

Interviews

Jobs

Results

Admission

Admit Card

Answer Key