The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. Find the b

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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 gain?
Options
A. Rs. 1.5
B. Rs. 2.5
C. Rs. 4
D. Rs. 2

Correct Answer

Rs. 2

Explanation

P.W. = Rs. 1860 - Rs. 60 = Rs. 1800
? B.G. = (T.D.)²/P.W. = (60 x 60)/1800 = Rs. 2

Banker's Discount problems

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1.
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

2.
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

3.
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

4.
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

5.
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

6.
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

7.
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

8.
The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. Then the banker's discount is?
Options
A. Rs. 37
B. Rs. 34.38
C. Rs. 37.62
D. Rs. 38.98

9.
The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is?
Options
A. Rs. 60
B. Rs. 150
C. Rs. 108
D. Rs. 110

10.
The banker's discount and the true discount on a sum of money due 8 months hence are Rs. 52 and Rs. 50, respectively. Find the sum and the rate percent?
Options
A. Rs. 1300, 6%
B. Rs. 1200, 5%
C. Rs. 1500, 8%
D. None of these

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