Bankers Discount Questions and problems

 

Banker's Discount Questions :: Quantitative Aptitude

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1.  

    

   What is the banker’s discount, if the true discount on a bill of Rs.840 is Rs.105?

1. A. 120       Correct Answer

2. B. 110      

3. C. 115      

4. D. 125   

5.    

2.  

    

   The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

1. A. Rs. 400       Correct Answer

2. B. Rs. 360      

3. C. Rs. 480      

4. D. Rs. 320     

5.  

3.  

    

   Find the banker’s gain, if the present worth of a certain amount is Rs.2400 and the true discount is Rs.120.

1. A. 10     

2. B. 12      

3. C. 6        Correct Answer

4. D. 20   

5.    

4.  

    

   The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

1. A. 3 months     

2. B. 4 months        Correct Answer

3. C. 6 months      

4. D. 8 months 

5.      

5.  

    

   The banker’s gain on a bill due 2 years hence at 10% per annum is Rs.10. What is the true discount?

1. A. 25     

2. B. 50        Correct Answer

3. C. 100      

4. D. 75

5.       

6.  

    

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

1. A. Rs. 480     

2. B. Rs. 520      

3. C. Rs. 600        Correct Answer

4. D. Rs. 960

5.       

7.  

    

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

1. A. Rs. 960     

2. B. Rs. 840      

3. C. Rs. 1020        Correct Answer

4. D. Rs. 760  

5.     

8.  

    

   Find the rate percent if the banker’s gain on a certain sum due two and a half year hence is 1/5 of the banker’s discount.

1. A. 12.5%     

2. B. 15%      

3. C. 10%        Correct Answer

4. D. 7.5%

5.       

9.  

    

   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:

1. A. Rs. 360       Correct Answer

2. B. Rs. 432      

3. C. Rs. 540      

4. D. Rs. 1080    

5.   

10.  

     

    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:

1. A. Rs. 20     

2. B. Rs. 24      

3. C. Rs. 16        Correct Answer

4. D. Rs. 12 

5.      

11.  

     

    The banker's discount on a bill due 4 months hence at 15% is Rs. 420. What is the true discount?

1. A. Rs. 410     

2. B. Rs. 400        Correct Answer

3. C. Rs. 390      

4. D. Rs. 380 

5.      

12.  

     

    If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker’s discount on the same sum for the same time and at the same rate?

1. A. 100     

2. B. 115      

3. C. 120      

4. D. 129        Correct Answer