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- Question
- The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. Find the banker's discount?
Options- A. Rs . 62
- B. Rs .52
- C. Rs . 60
- D. None of these
- Correct Answer
- Rs . 62
ExplanationAmount = Rs. 1860.
True discount = Rs. 60
? Present worth = Rs. 1860 - Rs. 60 = Rs. 1800
S.I. on Rs. 1800 for 8 months = Rs. 60
? Rate = [(100 x 60) / (1800 x 2/3)]% = 5%
? Banker's discount = (1860 x 5 x 2/3)/100 = Rs. 62 - 1. The banker's discount on a bill due 6 months hence at 6% is Rs. 37.08. The true discount is?
Options- A. Rs. 6.18
- B. Rs. 12.36
- C. Rs. 48
- D. Rs. 36 Discuss
- 2. The banker's gain on a sum due 3 years hence at 5% is Rs. 90. The banker's discount is?
Options- A. Rs. 690
- B. Rs. 720
- C. Rs. 810
- D. Rs. 150 Discuss
- 3. The present worth of a certain due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is?
Options- A. Rs. 10
- B. Rs. 16
- C. Rs. 20
- D. Rs. 24 Discuss
- 4. The banker's gain of a certain sum due 2 years hence at 5% per annum is Rs. 80. The present worth is?
Options- A. Rs. 800
- B. Rs. 1600
- C. Rs. 1200
- D. Rs. 880 Discuss
- 5. The banker's gain of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time and at the same rate is Rs. 30. The sum is?
Options- A. Rs. 1080
- B. Rs. 180
- C. Rs. 500
- D. Rs. 300 Discuss
- 6. The present worth of a sum due some times hence is Rs. 576 and the banker's gain is Re. 1. The true discount is?
Options- A. Rs. 16
- B. Rs. 18
- C. Rs. 24
- D. Rs. 32 Discuss
- 7. The banker's gain on a certain sum due 2 1/ 2 years hence is 2/23 of the banker's discount on it for the same time and at the same rate. Find the rate percent?
Options- A. 5%
- B. 4%
- C. 8%
- D. 6% Discuss
- 8. Find the bankar's discount at a bill of ? 12750 due four months hence when rate of interest is 6% per annum?
Options- A. ? 250
- B. ? 120
- C. ? 255
- D. ? 300 Discuss
- 9. The true discount at a bill of ? 7440 due 16 months, hence is ? 240. Find the banker's gain?
Options- A. ? 10
- B. ? 6
- C. ? 4
- D. ? 8 Discuss
- 10. The banker's gain of a sum due 8 yr. hence at 24% per annum, is ? 144. Find the present worth of that bill?
Options- A. ? 39.06
- B. ? 45
- C. ? 38.06
- D. ? 50 Discuss
Banker's Discount problems
Search Results
Correct Answer: Rs. 36
Explanation:
T.D. = (B.D. X 100) / {100 + (R X T)}
= Rs. (37.08 x 100) / {100 + (6 x 1/2)}
= Rs. 36
Correct Answer: Rs. 690
Explanation:
T.D. = (B.G. x 100) / (R x T) = Rs. (90 x 100) / (5 x 3)
= Rs. 600
? B.D. = Rs. (600 +90) = Rs. 690
Correct Answer: Rs. 16
Explanation:
B.G. = (T.D.)2 / P.W.
= Rs. (160 x 160) / 1600
= Rs. 16
Correct Answer: Rs. 800
Explanation:
T.D. = (B.G. X 100) / (Rate x Time)
= Rs. (80 x 100) / (5 x 2)
= Rs. 800
Correct Answer: Rs. 180
Explanation:
Sum = (B.D. x T.D.) / (B.D. - T.D.) = Rs. (36 x 30) / 6
= Rs. 180
Correct Answer: Rs. 24
Explanation:
T.D. ?(P.W. x B.G. )
= ?(576 x 1) = Rs. 24
Correct Answer: 6%
Explanation:
Rate percent = 100 x 2/5/ [ 3/(23 - 3)] = 6%
Correct Answer: ? 255
Explanation:
Given That, A = ? 12750, R = 6%
and T = 4 Months = 4/12 = 1/3 yr , BD = ?
According to the formula,
BD = (A x R x T)/100
= [12750 x 6 x (1/3)] / 100
= (12750 x 2) / 100
= ? 255
Correct Answer: ? 8
Explanation:
Present worth of bill = ? (7440 - 240) = ? 7200
? Banker's Gain (BG) = (TD)2/PW
= (240 x 240) / 7200
= 576/72
= ? 8
Correct Answer: ? 39.06
Explanation:
Given that BG = ? 144 , R = 24%
T = 8 yr and PW = ?
According to the formula,
PW = BG x [100/(R x T)]2
= 144 x [100/(24 x 8)]2
= 144 x (100/192) x (100/192)
= ? 39.06
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