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Home Aptitude Banker's Discount Comments

  • Question
  • The banker's discount on a certain sum due 2 years hence is11/10of the true discount. The rate percent is:


  • Options
  • A. 10%
  • B. 7%
  • C. 8%
  • D. 5%

  • Correct Answer
  • 5% 

    Explanation

    Let T.D. be Re. 1.

    Then, B.D. = Rs.11/10= Rs. 1.10.

    Sum = Rs. (1.10*1)/(1.10-1) = Rs. (110/10)= Rs. 11.

    S.I. on Rs. 11 for 2 years is Rs. 1.10

    Rate = [(100 x 1.10)/(11 x 2 )]% = 5%.


  • Banker's Discount problems


    Search Results


    • 1. The bankers gain of a certain sum due 2 years hence at 10% per annum is Rs 24 .The percent worth is

    • Options
    • A. 400
    • B. 800
    • C. 500
    • D. 600
    • Discuss
    • 2. The mean of marks secured by 45 students in division A of class X is 56, 40 students of division B is 52 and that of 40 students of division C is 50. Find the mean of marks of the students of three divisions of Class X.

    • Options
    • A. 52.1
    • B. 51.4
    • C. 52.8
    • D. 54.2
    • Discuss
    • 3. A factory buys 10 machines. 1 MachineA, 4 MachineB and rest MachineC. Prices of the machines are Rs 90000, Rs 40000 and Rs 40000 respectively. Calculate the average cost of these machines?

    • Options
    • A. 56666.6
    • B. 68333.3
    • C. 45000
    • D. 43500
    • Discuss
    • 4. The average marks of 45 students is shown as 65. It includes a wrong entry of 84 marks instead of 48 marks. The correct average is:

    • Options
    • A. 65.8 marks
    • B. 67.4 marks
    • C. 62.6 marks
    • D. 64.2 marks
    • Discuss
    • 5. The average of 19 consecutive even integers is 50. The highest of these integers is

    • Options
    • A. 88
    • B. 68
    • C. 126
    • D. 100
    • Discuss
    • 6. The banker's discount on Rs. 1650 due a certain time hence is Rs. 165. Find the true discount and the banker's gain.

    • Options
    • A. 15
    • B. 20
    • C. 18
    • D. 13
    • Discuss
    • 7. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

    • Options
    • A. 108
    • B. 115
    • C. 100
    • D. 120
    • Discuss
    • 8. If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?

    • Options
    • A. 50
    • B. 129
    • C. 100
    • D. 160
    • Discuss
    • 9. 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.

    • Options
    • A. 7 months
    • B. 6 months
    • C. 3 months
    • D. 4 months
    • Discuss
    • 10. The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

    • Options
    • A. 62
    • B. 58
    • C. 47
    • D. 50
    • Discuss


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