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Banker’s Discount Questions and Answers
Q1. 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. 840
B. Rs. 960
C. Rs. 1020
D. Rs. 760
Q2. 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. 520
B. Rs. 960
C. Rs. 480
D. Rs. 600
Q3. The true discount on a bill of Rs. 540 is Rs. 90. The banker’s discount is :
A. Rs. 108
B. Rs. 110
C. Rs. 60
D. Rs. 112
Q4. The banker’s discount on Rs. 1800 at 12% per annum is equal to the true discount on Rs. 1872 for the same time at the same rate. Find the time.
A. 4 months
B. 6 months
C. 7 months
D. 3 months
Q5. The banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is :
A. Rs. 36
B. Rs. 50
C. Rs. 72
D. Rs. 54
Q6. The banker’s discount on Rs. 1650 due a certain time hence is Rs. 165. Find the true discount and the banker’s gain.
A. 13
B. 18
C. 15
D. 20
Q7. 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. 480
C. Rs. 360
D. Rs. 320
Q8. 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
Q9. 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. 6 months
C. 4 months
D. 5 months
Q10. 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. 48
B. Rs. 72
C. Rs. 36
D. Rs. 96
