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- Question
- The banker's discount on a bill due 4 months hence at 15 % is Rs. 420. What is the true discount?
Options- A. Rs. 410
- B. Rs. 400
- C. Rs. 390
- D. Rs. 380
- Correct Answer
- Rs. 400
ExplanationGiven in the question,
Banker's Discount = 420
Time in years = 4 months = 4/12 years = 1/3 years
Rate of interest = 15 %
As we know the formula,
True Discount = Banker's Discount × 100 (100 + Time in years x Rate of interest )
True Discount = 420 × 100 (100 + 4/12 × 15) ( 12 Months = 1 Year)
= 420 × 100 (100 + 5) = 400 - 1. The true discount on a certain sum due 6 months hence at 15 % is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?
Options- A. Rs. 248
- B. Rs. 278
- C. Rs. 228
- D. Rs. 258 Discuss
- 2. 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 Discuss
- 3. The true discount on a bill for Rs. 2520 due 6 months hence at 10 % per annum is :
Options- A. Rs. 180
- B. Rs. 140
- C. Rs. 80
- D. Rs. 120 Discuss
- 4. The banker's gain on a bill due 2 years hence at 5% is Rs. 8, find the present worth of the bill?
Options- A. Rs. 800
- B. Rs. 650
- C. Rs. 750
- D. Rs. 850 Discuss
- 5. Find the banker's discount on a bill due 3 years hence at 5% being given that the banker's gain is Rs. 90?
Options- A. Rs. 550
- B. Rs. 650
- C. Rs. 690
- D. Rs. 600 Discuss
- 6. The present worth (PW) of a sum due sometimes hence is Rs. 5760 and the banker's gain is Rs. 10. What is the true discount?
Options- A. Rs. 480
- B. Rs. 420
- C. Rs. 120
- D. Rs. 240 Discuss
- 7. The banker's discount of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time is Rs. 30. What is the sum due?
Options- A. Rs. 180
- B. Rs. 120
- C. Rs. 220
- D. Rs. 200 Discuss
- 8. The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:
Options- A. Rs. 21
- B. Rs. 17
- C. Rs. 18
- D. Rs. 34 Discuss
- 9. The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. What is the present worth?
Options- A. Rs. 600
- B. Rs. 500
- C. Rs. 400
- D. Rs. 300 Discuss
- 10. What is the present worth of a bill of Rs. 1764 due 2 years hence at 5% compound interest is:
Options- A. Rs. 1600
- B. Rs. 1200
- C. Rs. 1800
- D. Rs. 1400 Discuss
Banker's Discount problems
Search Results
Correct Answer: Rs. 258
Explanation:
Correct Answer: Rs. 432
Explanation:
Correct Answer: Rs. 120
Explanation:
Given in the question,
Face Value = 2520;
Time = 6 months = 1/2 year
Rate of interest = 10 %
As we know the formula,
True Discount = Face Value x ( Rate of Interest x Time in years ) / ( 100 + Rate of interest x Time )
? True Discount = 2520 x (10 x 1/2 ) / (100 + (10 x 1/2 ))
? True Discount = 2520 x ( 5 ) / (100 + ( 5 ))
? True Discount = 2520 x 5 /105
? True Discount = 2520 / 21
? True Discount = Rs. 120
Correct Answer: Rs. 800
Explanation:
P.W. = [8 x 100 x 100] / [10 x 10]
= Rs. 800
Correct Answer: Rs. 690
Explanation:
T.D. = (90 x 100) / (3 x 5) = Rs. 600
? Banker's discount = True discount + Banker's gain
= Rs. 600 + Rs. 90
= Rs. 690
Correct Answer: Rs. 240
Explanation:
As per given question,
Present worth PW = 5760
Banker gain = 10
True Discount = ?
As we know the formula,
True Discount = ?PW × BG
True Discount = ?Present Worth × Banker's gain
True Discount = ?5760 × 10 = ?57600 = Rs. 240
Correct Answer: Rs. 180
Explanation:
Correct Answer: Rs. 34
Explanation:
Correct Answer: Rs. 600
Explanation:
Correct Answer: Rs. 1600
Explanation:
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