Top 20 Bankers Discount Problems

 

Banker's Discount Problems :: Quantitative Aptitude

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 Banker's Discount Questions and answer with solutions pdf
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1.  

    

   The banker's discount on a certain amount due 2 years hence is 11/10 of the true discount. What is the rate percent?

1. A. 1%     

2. B. 5%        Correct Answer

3. C. 10%      

4. D. 12%  

5.     

2.  

    

   The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker’s discount and the banker’s gain.

1. A. 120     

2. B. 121        Correct Answer

3. C. 130      

4. D. 151  

5.     

3.  

    

   The present worth of a sum due sometimes hence is Rs.5760 and the banker's gain is Rs.10. What is the true discount?

1. A. Rs. 480     

2. B. Rs. 420      

3. C. Rs. 120      

4. D. Rs. 240        Correct Answer

5. 
   

4.  

    

   What is the banker's discount if the true discount on a bill of Rs.540 is Rs.90 ?

1. A. Rs. 108       Correct Answer

2. B. Rs. 120      

3. C. Rs. 102      

4. D. Rs. 106    

5.   

5.  

    

   A bill for Rs. 3000 is drawn on 14th July at 5 months. It is discounted on 5th October at 10%. What is the Banker's Discount?

1. A. Rs. 60       Correct Answer

2. B. Rs. 82      

3. C. Rs. 90      

4. D. Rs. 120   

5.    

6.  

    

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

1. A. 36     

2. B. 52      

3. C. 66      

4. D. 96        Correct Answer

5. 
   

7.  

    

   The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker's discount?

1. A. 1240     

2. B. 1120      

3. C. 1190      

4. D. 1290        Correct Answer

5. 
   

8.  

    

   The banker’s gain on a certain sum due 1 and half years hence is 3/25 of the banker’s discount. The rate percent is :

1. A. 3 1/3 %     

2. B. 6 1/6 %      

3. C. 9 1/9 %        Correct Answer

4. D. 9 1/6 %     

5.  

9.  

    

   The present worth of a certain bill due sometime hence is Rs. 1296 and the true discount is Rs. 72. What is the banker's discount?

1. A. Rs. 76       Correct Answer

2. B. Rs. 72      

3. C. Rs. 74      

4. D. Rs. 4 

5.      

10.  

     

    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 :

1. A. Rs. 37.62       Correct Answer

2. B. Rs. 38.75      

3. C. Rs. 39.40      

4. D. Rs. 39.96 

5.      

11.  

     

    The banker's discount of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time is Rs. 30. What is the sum due?

1. A. Rs. 180       Correct Answer

2. B. Rs. 120      

3. C. Rs. 220      

4. D. Rs. 200   

5.    

12.  

     

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

1. A. 30     

2. B. 40      

3. C. 50        Correct Answer

4. D. 60