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  • Question

  • The banker's gain on a certain sum due 1 1 years hence is 3 of the banker's
    2 25

    discount. The rate percent is:


  • Options
  • A.
    5 1 %
    5
  • B.
    9 1 %
    11
  • C.
    8 1 %
    8
  • D.
    6 1 %
    6

  • Correct Answer
  • 9 1 %
    11
     

    Explanation
    Let, B.D = Re. 1.

    Then, B.G. = Re. 3 .
    25

    ∴ T.D. = (B.D. - B.G.) = Re. ❨ 1 - 3 ❩ = Re. 22 .
    25 25

    Sum = ❨ 1 x (22/25) ❩ = Rs. 22 .
    1-(22/25) 3

    S.I. on Rs. 22 for 1 1 years is Re. 1.
    3 2

    ∴ Rate = ❨ 100 x 1 ❩%
    = 100 = 9 1 %.
    11 11
    22 x 3
    3 2

    Banker's Discount problems

    Search Results

    • 1. The banker's discount on a sum of money for 1½ years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

    • Options
    • A. 10%
    • B. 13%
    • C. 12%
    • D. 15%
      • Discuss
    • 2. The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:

    • Options
    • A. Rs. 36
    • B. Rs. 72
    • C. Rs. 48
    • D. Rs. 96
      • Discuss
    • 3. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

    • Options
    • A. Rs. 400
    • B. Rs. 360
    • C. Rs. 480
    • D. Rs. 320
      • Discuss
    • 4. The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

    • Options
    • A. 3 months
    • B. 4 months
    • C. 6 months
    • D. 8 months
      • Discuss
    • 5. 

      The banker's discount on a certain sum due 2 years hence is 11 of the true discount.
      10

      The rate percent is:


    • Options
    • A. 11%
    • B. 10%
    • C. 5%
    • D. 5.5%
      • Discuss
    • 6. 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. Rs. 20
    • B. Rs. 24
    • C. Rs. 16
    • D. Rs. 12
      • Discuss
    • 7. The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

    • Options
    • A. Rs. 480
    • B. Rs. 520
    • C. Rs. 600
    • D. Rs. 960
      • Discuss
    • 8. The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

    • Options
    • A. Rs. 72
    • B. Rs. 36
    • C. Rs. 54
    • D. Rs. 50
      • Discuss
    • 9. The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:

    • Options
    • A. Rs. 37
    • B. Rs. 37.62
    • C. Rs. 34.38
    • D. Rs. 38.98
      • Discuss
    • 10. 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. Rs. 960
    • B. Rs. 840
    • C. Rs. 1020
    • D. Rs. 760
      • Discuss

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