Bankers Discount Examples and Problems

 

Banker's Discount Examples :: Aptitude Question

 Banker's Discount shortcut tricks, Formula, Method and Notes
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1.  

    

   The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?

1. A. Rs. 200       👈Correct Answer

2. B. Rs. 100      

3. C. Rs. 150      

4. D. Rs. 250  

5.     

2.  

    

   The banker's gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth ?

1. A. Rs. 400       👈Correct Answer

2. B. Rs. 300      

3. C. Rs. 500      

4. D. Rs. 350  

5.     

3.  

    

   The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. Then banker’s discount is :

1. A. 500     

2. B. 750      

3. C. 890      

4. D. 1020        👈Correct Answer

5. 
   

4.  

    

   The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:

1. A. Rs. 21     

2. B. Rs. 17      

3. C. Rs. 18      

4. D. Rs. 34        👈Correct Answer

5. 
   

5.  

    

   The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:

1. A. Rs. 1360       👈Correct Answer

2. B. Rs. 1000      

3. C. Rs. 360      

4. D. Rs. 640      

5. 
   

6.  

    

   The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?

1. A. 8%     

2. B. 12%      

3. C. 10%      

4. D. 6%        👈Correct Answer

5. 
   

7.  

    

   The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. What is the present worth?

1. A. Rs. 600       👈Correct Answer

2. B. Rs. 500      

3. C. Rs. 400      

4. D. Rs. 300 

5.      

8.  

    

   What is the present worth of a bill of Rs.1764 due 2 years hence at 5% compound interest is

1. A. Rs. 1600       👈Correct Answer

2. B. Rs. 1200      

3. C. Rs. 1800      

4. D. Rs. 1400 

5.      

9.  

    

   What is the difference between the banker's discount and the true discount on Rs.8100 for 3 months at 5%

1. A. Rs. 2     

2. B. Rs. 1.25        👈Correct Answer

3. C. Rs. 2.25      

4. D. Rs. 0.5 

5.      

10.  

     

    The B.D. and T.D. on a certain sum is Rs.200 and Rs.100 respectively. Find out the sum.

1. A. Rs. 400     

2. B. Rs. 300      

3. C. Rs. 100      

4. D. Rs. 200       👈Correct Answer

5. 
   

11.  

     

    The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?

1. A. Rs. 19     

2. B. Rs. 22      

3. C. Rs. 20      

4. D. Rs. 21        👈Correct Answer

5. 
   

12.  

     

    The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker's discount?

1. A. Rs. 432       👈Correct Answer

2. B. Rs. 422      

3. C. Rs. 412      

4. D. Rs. 442