The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The ba

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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. Rs. 960
B. Rs. 840
C. Rs. 1020
D. Rs. 760

Correct Answer

Rs. 1020

Explanation

T.D. =	❨	B.G. x 100	❩	= Rs.	❨	270 x 100	❩	= Rs. 750.
		R x T				12 x 3

∴ B.D. = Rs.(750 + 270) = Rs. 1020.

Banker's Discount problems

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1. 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

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. Rs. 72
B. Rs. 36
C. Rs. 54
D. Rs. 50

3. 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

4. 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

5.

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

6. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
Options
A. Rs. 60
B. Rs. 108
C. Rs. 110
D. Rs. 112

7. 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. Rs. 360
B. Rs. 432
C. Rs. 540
D. Rs. 1080

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