Curioustab

Home » Aptitude » Banker's Discount

The banker's discount on a sum of money for 1½ years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

10%
13%
12%
15%

Correct Answer: 12%

Explanation:

B.D. for 3⁄2 years

= Rs. 558.

B.D. for 2 years

= Rs.	❨	558 x	2	x 2	❩
			3

= Rs. 744

T.D. for 2 years = Rs. 600.

∴ Sum =	B.D. x T.D.	= Rs.	❨	744 x 600	❩	= Rs. 3100.
	B.D. - T.D			144

Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years.

∴ Rate =	❨	100 x 744	❩%	= 12%
		3100 x 2

← Previous Question Next Question→

More Questions from Banker's Discount

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:
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:
The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
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:
The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:
The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
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:
The banker's gain of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time and at the same rate is Rs. 30. The sum is?
The banker's gain of a certain sum due 2 years hence at 5% per annum is Rs. 80. The present worth is?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion