Curioustab

Home » Aptitude » Banker's Discount

The banker's gain on a bill due 1 year 4 months hence at 7 1/ 2% per annum simple interest is Rs. 16. Find the sum?

Rs. 1760
Rs. 1560
Rs. 1660
Rs. 1860

Correct Answer: Rs. 1760

Explanation:

T.D = (16 x 100)/ (4/3 x 15/2) = Rs. 160
B.D. = Rs. 160 + Rs. 16 = Rs. 176
∴ Sum = [176 x 100] / [(4/3) x (15/2)] = Rs. 1760

← Previous Question Next Question→

More Questions from Banker's Discount

The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:
The true discount on Rs. 2,562 due 4 months hence is Rs. 122. The rate percent is?
Find the present worth of Rs. 9300, due 3 years hence at 8% per annum. Also find the discount?
The present worth of Rs. 702 due in two equal half-yearly installments at 8% per annum calculated at simple interest is Rs.
The present worth of a certain bill due sometime hence is Rs. 1600 and true discount on the bill is Rs. 160. Find the banker's discount and the extra gain the gain banker would make in the transaction?
The holder of a bill for Rs. 17850 nominally due on 21st May, 1991 received Rs. 357 less than the amount of the bill by having it discounted at 5%. When was it discounted?
A bill is discounted at 5% per annum. If banker's discount be allowed, at what rate per cent must the proceeds be invested, so that nothing may be lost?
A bill for ₹ 10200 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the banker's discount, true discount. banker's gain and the money that the holder of the bill receives?
The banker's discount on a certain sum due 4 yr, hence is 11/10 of the true discount. Find the rate per cent per annum.

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion