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Home Aptitude Banker's Discount See What Others Are Saying!
  • Question
  • The interest on a certain sum of money is Rs. 67.20 and the discount on the same of money for the same time and at the same rate is Rs. 60. What is sum?


  • Options
  • A. Rs. 560
  • B. Rs. 480
  • C. Rs. 590
  • D. Rs. 860

  • Correct Answer
  • Rs. 560 

    Explanation

    Interest on Sum - True discount
    = Interest on true Discount.
    Proof Sum = P.W. + T.D.
    ? Interest on Sum = Interest on P.W. + Interest on T.D.
    = T.D. + Interest on T.D.
    Interest on Sum - T.D. = Interest on T.D. or Banker's gain = Int. on T.D.
    Rs. 67.20 - Rs. 60 = Interest on Rs. 60
    ? Rs. 71/5 = Interest on Rs. 60
    ? Re.1 = Interest on Rs. 60/71/5
    ? Rs. 671/5 = Interest on Rs. 60 / 71/5 x 671/5
    ? The required sum = Rs. 60/71/5 x 671/5 = Rs. 560


  • More questions

    • 1. A milk man sells the milk at the cost price but he mixes the water in it and thus he gains 9.09%. The quantity of water in the mixture of 1 liter is :

    • Options
    • A. 83.33 ml
    • B. 90.90 ml
    • C. 99.09 ml
    • D. can't be determined
    • Discuss
    • 2. 
      A and B are two number whose AM is 25 and GM is 7. Which of the following may be a value of A?

    • Options
    • A. 10
    • B. 49
    • C. 20
    • D. 25
    • Discuss
    • 3. 
      If P 2 + 4Q 2 = 4PQ, then determine P : Q.

    • Options
    • A. 1 : 3
    • B. 3 : 1
    • C. 2 : 1
    • D. 1 : 2
    • Discuss
    • 4. 
      If the probability of machine failing during a day is 0.95. The probability of its working for four consecutive days without failing is?

    • Options
    • A. 0.00000625
    • B. 0.0625
    • C. 0.16548375
    • D. 0.000625
    • Discuss
    • 5. 
      If A : B = 3 : 4 and B : C = 8 : 9 then find the value of A : B : C?

    • Options
    • A. 3 : 4 : 5
    • B. 1 : 2 : 3
    • C. 7 : 12 : 17
    • D. 6 : 8 : 9
    • Discuss
    • 6. 
      A clock is set right at 6 am. The clock losses 16 min in 24 h. What will be true time. if the clock indicates 11 pm on 4th day?

    • Options
    • A. 12 o' clock
    • B. 11 pm
    • C. 9 pm
    • D. 2 pm
    • Discuss
    • 7. 
      A company declared an annual dividend of 10%. Find out the annual dividend of Ram owning 1500 shares of the company of face value $ 10 each.

    • Options
    • A. $ 1400
    • B. $ 1500
    • C. $ 1700
    • D. $ 1600
    • Discuss
    • 8. 
      At what time between 2 o'clock and 3 o'clock, will the hands of a clock point in opposite directions?

    • Options
    • A. 480/11 min past 2
    • B. 485/11 min past 2
    • C. 580/11 min past 2
    • D. 520/11 min past 2
    • Discuss
    • 9. 
      Find the mean proportional between 9 and 64.

    • Options
    • A. 25
    • B. 24
    • C. 27
    • D. 35
    • Discuss
    • 10. 
      How many terms are there in the GP 5, 20, 80, 320, ..., 20480?

    • Options
    • A. 7
    • B. 6
    • C. 5
    • D. 10
    • Discuss


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