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Home Aptitude Banker's Discount See What Others Are Saying!
  • Question
  • A bill for ? 10200 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the banker's discount, true discount. banker's gain and the money that the holder of the bill receives?


  • Options
  • A. ? 204 , ? 200, ? 4 and ? 9996
  • B. ? 100 , ? 200, ? 2 and ? 4989
  • C. ? 121 , ? 172, ? 132 and ? 4046
  • D. None of these

  • Correct Answer
  • ? 204 , ? 200, ? 4 and ? 9996 

    Explanation

    Face value of the bill = ? 10200
    Date on which the bill was drawn = July 14 at 5 Months
    Nominally due date = Dec. 14
    Legally due date = Dec. 17
    Date on which the bill was discounted = Oct. 05
    Unexpired time
    Oct.-26, Nov. - 30, Dec - 17 = 73 days = 73/365 yr = 1/5 yr

    ? BD = SI on ? 10200 for 1/5 yr
    = (10200 x (10/100) x 1/5)
    = ? 204

    TD = [10200 x (1/5) x 10] / [100 + 10 x (1/5)]
    = (10200 x 2)/102 = ? 200
    BG = (BD) - (TD) = (204 - 200) = ? 4

    Money received by the holder of the bill = ? (10200 - 204) = ? 9996


  • More questions

    • 1. 
      Five coins are tossed at a time. Then, the probability of obtaining at least one tail is

    • Options
    • A. 31/32
    • B. 1/32
    • C. 1/5
    • D. 5/32
    • Discuss
    • 2. 
      Find the maximum number of tree which can plant 20 m apart on the two side of straight road 1760 m long

    • Options
    • A. 174
    • B. 176
    • C. 180
    • D. 178
    • Discuss
    • 3. 
      1307 x 1307 =?

    • Options
    • A. 1601249
    • B. 1607249
    • C. 1701249
    • D. 1708249
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    • 4. 
      The circumferences of two concentric are 176 m and 132 m respectively. what is the difference between their radii?

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    • A. 5 meter
    • B. 7 meter
    • C. 8 meter
    • D. 44 meter
    • Discuss
    • 5. 
      (1/2 ÷ 4 + 20) / (1/2 x 4 + 20) =?

    • Options
    • A. 81 / 88
    • B. 23/11
    • C. 161 / 176
    • D. 1
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    • 6. 
      Find the cardinal number of the following set {x: x = 2n, n ? N, 4 ? x ? 11}

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    • A. 8
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    • 7. 
      If a fraction is multiplied by itself and then divided by the reciprocal of the same fraction, the result is 18 26/ 27. Find the fraction.

    • Options
    • A. 8/27
    • B. 11/3
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    • Discuss
    • 8. 
      (0.04) 3 =?

    • Options
    • A. 0.064
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      If a + b + c = 8, then the value of (a ? 4)3 + (b ? 3)3 + (c ? 1)3 ? 3 (a ? 4) (b ? 3) (c ? 1) is

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    • 10. 
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    • Options
    • A. 2400
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