Q11. Find the banker’s gain, if the present worth of a certain amount is Rs.2400 and the true discount is Rs.120.
A. 5
B. 8
C. 7
D. 6
Q12. What is the banker’s discount, if the true discount on a bill of Rs. 840 is Rs.105 ?
A. Rs. 100
B. Rs. 110
C. Rs. 130
D. Rs. 120
Q13. If the banker’s discount on a certain amount of money is Rs. 80 and the true discount on the same amount for the same time duration is Rs. 64, then the amount due is:
A. 320
B. 330
C. 310
D. 340
Q14. 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
Q15. 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
Q16. 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 per cent ?
A. 8%
B. 12%
C. 10%
D. 6%
Q17. 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
Q18. 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
Q19. 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
Q20. A bill for Rs. 3000 is drawn on 14 July at 5 months. It is discounted on 5 October at 10%. What is the Banker’s Discount ?
A. Rs. 60
B. Rs. 82
C. Rs. 90
D. Rs. 120
