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Home Aptitude Banker's Discount Comments

  • Question
  • 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

  • Correct Answer
  • 4 months 

    Explanation

    S.I. on Rs. 1800 = T.D. on Rs. 1872.

    P.W. of Rs. 1872 is Rs. 1800.

    Rs. 72 is S.I. on Rs. 1800 at 12%.

    Time =[(100 x 72)/ (12x1800)]year

            =1/3year = 4 months.


  • Banker's Discount problems


    Search Results


    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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%
    • Discuss
    • 5. 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
    • 6. 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
    • 7. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

    • Options
    • A. 1315
    • B. 1150
    • C. 1020
    • D. 980
    • Discuss
    • 8. The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?

    • Options
    • A. Rs. 4500
    • B. Rs. 6000
    • C. Rs. 5000
    • D. Rs. 4000
    • Discuss
    • 9. The bankers discount and the true discount of a sum at 10% per annum simple interest for the same time are Rs.100 and Rs.80 respectively. What is the sum and the time?

    • Options
    • A. Sum = Rs.400 and Time = 5 years
    • B. Sum = Rs.200 and Time = 2.5 years
    • C. Sum = Rs.400 and Time = 2.5 years
    • D. Sum = Rs.200 and Time = 5 years
    • Discuss
    • 10. A bill for Rs. 6000 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.

    • Options
    • A. 4390
    • B. 6580
    • C. 5880
    • D. 5350
    • Discuss


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