The present worth of a certain sum due sometime hence is Rs. 3400 and the true d

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Question
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

Correct Answer

Rs. 34

Explanation

Banker's Discount problems

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1.
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

2.
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

3.
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

4.
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

5.
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

6.
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

7.
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

8.
The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. Find the banker's gain?
Options
A. Rs. 1.5
B. Rs. 2.5
C. Rs. 4
D. Rs. 2

9.
The banker's discount on a bill due 6 months hence at 6% is Rs. 37.08. Find the true discount?
Options
A. Rs. 38
B. Rs. 32
C. Rs. 36
D. None of these

10.
The banker's discount on a certain sum due 2 years later is 11/10 of the true discount. the rate percent is?
Options
A. 11%
B. 10%
C. 5%
D. 51/3

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