Aptitude Round QuestionBanker’s DiscountFree Download

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

A.

Rs. 400

B.

Rs. 360

C.

Rs. 480

D.

Rs. 320

Answer: Option A

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:

A.

3 months

B.

4 months

C.

6 months

D.

8 months

Answer: Option B


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

A.

Rs. 480

B.

Rs. 520

C.

Rs. 600

D.

Rs. 960

Answer: Option C

The banker's discount on a sum of money for 1 years is Rs.
558 and the true discount on the same sum for 2 years is
Rs. 600. The rate percent is:

Answer: Option C

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

A.

Rs. 960

B.

Rs. 840

C.

Rs. 1020

D.

Rs. 760

Answer: Option C

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

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:

Answer: Option C


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

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

Answer: Option D

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:

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

Answer: Option D

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

The banker's discount on a
certain sum due 2 years
hence is

11

of the true discount.

10

The rate percent is:

Answer: Option C

Important Formulas  Banker's Discount
Let F = Face Value of the Bill, TD = True Discount, BD =
Bankers Discount, BG = Banker’s Gain, R = Rate of Interest,
PW = True Present Worth and T = Time in Years
BD = Simple Interest on the face value of the bill for
unexpired time = FTR100
PW = F1+T(R100)
TD = Simple Interest on the present value for unexpired
time =PW ×TR100=FTR100+TR
TD = BD×100100+TR
PW = F  TD
F = BD×TDBD – TD
BG = BD – TD = Simple Interest on TD = (TD)2PW
TD = vPW×BG
TD = BG×100TR
The banker's discount on a bill due 4
months hence at 15% is Rs. 420. What is the
true discount?

A. Rs. 410

B. Rs. 400

C. Rs. 390

D. Rs. 380

Answer: Option B
The banker's discount on a certain amount due 2 years hence
is 1110
of the true discount. What is the rate
percent?

A. 1%

B. 5%

C. 10%

D. 12%

Answer: Option B
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?

A. Rs. 480

B. Rs. 420

C. Rs. 120

D. Rs. 240

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

A. Rs. 60

B. Rs. 82

C. Rs. 90

D. Rs. 120

Answer: Option A
The bankers discount and the true discount
of a sum at 10% per annum simple interest
for the same time are Rs.100 and Rs.80
respectively. What is the sum and the time?

A. Sum = Rs.400 and Time = 5 years

B. Sum = Rs.200 and Time = 2.5 years

C. Sum = Rs.400 and Time = 2.5 years

D. Sum = Rs.200 and Time = 5 years

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

A. 1240

B. 1120

C. 1190

D. 1290

Answer: Option D
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?

A. Rs. 76

B. Rs. 72

C. Rs. 74

D. Rs. 4

Answer: Option A
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?

A. Rs. 180

B. Rs. 120

C. Rs. 220

D. Rs. 200

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

A. Rs. 200

B. Rs. 100

C. Rs. 150

D. Rs. 250

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

A. Rs. 400

B. Rs. 300

C. Rs. 500

D. Rs. 350

Answer: Option A
12. 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:

A. Rs. 21

B. Rs. 17

C. Rs. 18

D. Rs. 34

Answer: Option D
13. 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. What is the time?

A. 3 months

B. 4 months

C. 5 months

D. 6 months

Answer: Option B
14. The banker's gain on a certain sum due 212 years hence
is 925
of the banker's discount. What is the rate
percent?

A. 1813%


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

A. Rs. 1360

B. Rs. 1000

C. Rs. 360

D. Rs. 640

Answer: Option A
16. The true discount on a certain sum due
6 months hence at 15% is Rs. 240. What is
the banker's discount on the same sum for
the same time at the same rate?

A. None of these

B. Rs. 278

C. Rs. 228

D. Rs. 258

Answer: Option D
17. A bill is discounted at 10% per annum.
If banker's discount is allowed, at what
rate percent should the proceeds be
invested so that nothing will be lost?

A. 1019%


Answer: Option B
18. A banker paid Rs.5767.20 for a bill of
Rs.5840, drawn of Apr 4 at 6 months. If the
rate of interest was 7%, what was the day
on which the bill was discounted?

A. 3^{rd} March

B. 3^{rd} September

C. 3^{rd} October

D. 3^{rd} August

Answer: Option D
19. 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?

A. 8%

B. 12%

C. 10%

D. 6%

Answer: Option D
20. The true discount on a bill of Rs. 2160
is Rs. 360. What is the banker's discount?

A. Rs. 432

B. Rs. 422

C. Rs. 412

D. Rs. 442

nswer: Option A
22. The true discount on a bill for Rs.
2520 due 6 months hence at 10% per annum is

A. Rs. 180

B. Rs. 140

C. Rs. 80

D. Rs. 120

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

A. Rs. 1600

B. Rs. 1200

C. Rs. 1800

D. Rs. 1400

Answer: Option A
24. If the discount on Rs. 498 at 5% simple
interest is Rs.18, when is the sum due?

A. 8 months

B. 11 months

C. 10 months

D. 9 months

Answer: Option B
26. The B.G. on a certain sum 4 years hence
at 5% is Rs. 200. What is the present
worth?

A. Rs. 4500

B. Rs. 6000

C. Rs. 5000

D. Rs. 4000

Answer: Option C
27. The B.D. and T.D. on a certain sum is
Rs.200 and Rs.100 respectively. Find out
the sum.

A. Rs. 400

B. Rs. 300

C. Rs. 100

D. Rs. 200

Answer: Option D
28. The banker's discount on a bill due 6
months hence at 6% is Rs. 18.54. What is
the true discount?

A. Rs. 24

B. Rs. 12

C. Rs. 36

D. Rs. 18

Answer: Option D
29. The banker's discount on a sum of money for 112
years is Rs. 120. The true discount on the
same sum for 2 years is Rs.150. What is the
rate percent?

A. 313%


Answer: Option A
30. 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?

A. Rs. 19

B. Rs. 22

C. Rs. 20

D. Rs. 21

Answer: Option D

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
The present worth of a certain sum due sometime hence is Rs. 1600 and the
true discount is Rs. 160. The banker's gain is :
Answer:
Option C
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 C
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The
true discount is :

A.

Rs. 400


B.

Rs. 360


C.

Rs. 480


D.

Rs. 320

Answer:
Option A
The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The
true discount is :
Answer:
Option D
The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270.
The banker's discount is :

A.

Rs. 960


B.

Rs. 840


C.

Rs. 1020


D.

Rs. 760

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

A.

3 months


B.

4 months


C.

5 months


D.

6 months

Answer:
Option B
The banker's discount on a sum of money for
years is Rs. 558 and the true discount on the same sum for 2 years is Rs.
600. The rate percent is :
Answer:
Option C
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