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- Question
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
- Correct Answer
- 1020
ExplanationT.D. =(B.G*100)/(R*T)=Rs(270*100)/(12*3) = Rs. 750.
B.D. = Rs.(750 + 270) = Rs. 1020.
- 1. 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
- 2. 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
- 3. 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
- 4. 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
- 5. 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
- 6. 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
- 7. 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
- 8. 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
- 9. The bankers discount and true discount on a sum of money due 8 months hence are Rs.120 & Rs.110 resp. Find the sum.
Options- A. 1457
- B. 1320
- C. 1140
- D. 1260 Discuss
- 10. If the discount on Rs. 498 at 5% simple interest is Rs.18, when is the sum due?
Options- A. 8 months
- B. 11 months
- C. 10 months
- D. 9 months Discuss
Banker's Discount problems
Search Results
Correct Answer: 50
Explanation:
T.D. =(B.G. x 100)/ (R x T)= Rs. (6 x 100)/( 12 x 1) = Rs. 50.
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.
Correct Answer: 129
Explanation:
B.G. = S.I. on T.D.
= Rs.(120 x 15 x 1/2 x 1/100)
= Rs. 9.
(B.D.) - (T.D.) = Rs. 9.
B.D. = Rs. (120 + 9) = Rs. 129.
Correct Answer: 108
Explanation:
P.W. = Rs. (540 - 90) = Rs. 450.
S.I. on Rs. 450 = Rs. 90.
S.I. on Rs. 540 = Rs.( 90 /450)x 540 = Rs. 108.
B.D. = Rs. 108.
Correct Answer: 15
Explanation:
Sum = [(B.D.xT.D.)/ (B.D.-T.D.)]
= [(B.D.xT.D.)/B.G.]
T.D./B.G. = Sum/ B.D.
=1650/165
=10
Thus, if B.G. is Re 1, T.D. = Rs. 10.
If B.D.is Rs. ll, T.D.=Rs. 10.
If B.D. is Rs. 165, T.D. = Rs. [(10/11)xl65]
=Rs.150
And, B.G. = Rs. (165 - 150) = Rs, 15.
Correct Answer: Rs. 5000
Explanation:
T = 4 years
R = 5%
Banker's Gain, BG = Rs.200
=>PW = Rs.5000
Correct Answer: Sum = Rs.400 and Time = 2.5 years
Explanation:
BD = Rs.100
TD = Rs.80
R = 10%
BD = Simple interest on the face value of the bill for unexpired time= FTR/100
=> T = 2.5 years
Correct Answer: 5880
Explanation:
Face value of the bill = Rs. 6000.
Date on which the bill was drawn = July 14 at 5 months. Nominally due date = December 14.
Legally due date = December 17.
Date on which the bill was discounted = October 5.
Unexpired time : Oct. Nov. Dec.
26 + 30 + 17 = 73 days =1/ 5Years
B.D. = S.I. on Rs. 6000 for 1/5 year
= Rs. (6000 x 10 x1/5 x1/100)= Rs. 120.
T.D. = Rs.[(6000 x 10 x1/5)/(100+(10*1/5))]
=Rs.(12000/102)=Rs. 117.64.
B.G. = (B.D.) - (T.D.) = Rs. (120 - 117.64) = Rs. 2.36.
Money received by the holder of the bill = Rs. (6000 - 120) = Rs. 5880.
Correct Answer: 1320
Explanation:
Sum = (B.D * T.D) / (B.D) -(T.D)
= (120 * 110) / (120 -110)
= 1320
Correct Answer: 9 months
Explanation:
F = Rs. 498
TD = Rs. 18
PW = F - TD = 498 - 18 = Rs. 480
R = 5%
=> T = 3/4 years = 9 months
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