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Home Aptitude Banker's Discount Comments

  • Question
  • The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker's discount?


  • Options
  • A. Rs. 432
  • B. Rs. 422
  • C. Rs. 412
  • D. Rs. 442

  • Correct Answer
  • Rs. 432 

    Explanation

    F = Rs. 2160

    TD = Rs. 360

    PW = F - TD = 2160 - 360 = Rs. 1800

    True Discount is the Simple Interest on the present value for unexpired time

    =>Simple Interest on Rs. 1800 for unexpired time = Rs. 360

    Banker's Discount is the Simple Interest on the face value of the bill for unexpired time

    = Simple Interest on Rs. 2160 for unexpired time

    =(360/1800)* 2160

    = (1/5) * 2160

    =Rs. 432


  • 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 bankers discount on the same for same time and the same rate.

    • Options
    • A. Rs.109
    • B. Rs.119
    • C. Rs.129
    • D. Rs.139
    • Discuss
    • 2. The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:

    • Options
    • A. 15
    • B. 16
    • C. 14
    • D. 13
    • Discuss
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?

    • Options
    • A. Rs. 24
    • B. Rs. 12
    • C. Rs. 36
    • D. Rs. 18
    • Discuss
    • 7. What is the difference between the banker's discount and the true discount on Rs.8100 for 3 months at 5%

    • Options
    • A. Rs. 2
    • B. Rs. 1.25
    • C. Rs. 2.25
    • D. Rs. 0.5
    • Discuss
    • 8. Two consecutive discounts x% and y% is equivalent to the discount

    • Options
    • A. (x-y+xy100)%
    • B. (x+y+xy100)%
    • C. (x-y-xy100)%
    • D. (x+y-xy100)%
    • Discuss
    • 9. The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:

    • Options
    • A. 290
    • B. 480
    • C. 360
    • D. 420
    • Discuss
    • 10. The bankers 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. 4 months
    • B. 5 months
    • C. 6 months
    • D. 3 months
    • Discuss


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