logo

CuriousTab

CuriousTab

Discussion


Home Aptitude Banker's Discount Comments

  • Question
  • 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

  • Correct Answer
  • Rs. 5000 

    Explanation

    T = 4 years

    R = 5%

    Banker's Gain, BG = Rs.200

     

    T D =   B G × 100 T R = 200 × 100 4 × 5 = R s . 1000

     

      T D = P W × B G

     

    ? 1000 = P W × 200

     

    =>PW = Rs.5000


  • Banker's Discount problems


    Search Results


    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. 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
    • 7. 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
    • 8. 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
    • 9. 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
    • 10. The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker's discount and the banker's gain.

    • Options
    • A. Rs.145
    • B. Rs.136
    • C. Rs.121
    • D. Rs.112
    • Discuss


    Comments

    There are no comments.

Enter a new Comment