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- Question
- The banker's gain of a certain sum due 3 years hence at 10 % per annum is Rs. 36. What is the present worth (PW)?
Options- A. Rs. 400
- B. Rs. 300
- C. Rs. 500
- D. Rs. 350
- Correct Answer
- Rs. 400
Explanation
- 1. The present worth of a certain bill due sometime hence is Rs. 1296 and the true discount is Rs. 72. What is the banker's discount?
Options- A. Rs. 76
- B. Rs. 72
- C. Rs. 74
- D. Rs. 4 Discuss
- 2. What is the banker's discount if the true discount on a bill of Rs. 540 is Rs. 90?
Options- A. Rs. 108
- B. Rs. 120
- C. Rs. 102
- D. Rs. 106 Discuss
- 3. The banker's discount on a certain amount due 2 years hence is 11/10 of the true discount. What is the rate percent?
Options- A. 1%
- B. 5%
- C. 10%
- D. 12% Discuss
- 4. The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker's discount and the extra gain the banker would make in the transaction?
Options- A. Rs. 11, Rs. 121
- B. Rs. 21, Rs. 131
- C. Rs. 12, Rs. 122
- D. None of these Discuss
- 5. The banker's discount on a certain sum due 4 yr, hence is 11/10 of the true discount. Find the rate per cent per annum.
Options- A. 2.5%
- B. 5%
- C. 5.5%
- D. 1.5% Discuss
- 6. The banker's gain on a certain sum due 2.5 years hence is 9/25 times of the banker's discount. What is the rate percent?
Options- A. 18.13%
- B. 18.12%
- C. 24.13%
- D. 22.22% Discuss
- 7. A bill is discounted at 10 % per annum. If banker's discount is allowed, at what rate % should the proceeds be invested so that nothing will be lost?
Options- A. 10 %
- B. 11 1 % 9
- C. 11 %
- D. 9 1 % 9 Discuss
- 8. A banker paid Rs. 5767.20 for a bill of Rs. 5840, drawn of April 4 at 6 months. If the rate of interest was 7 %, what was the day on which the bill was discounted?
Options- A. 3rd March
- B. 3rd September
- C. 3rd October
- D. 3rd August Discuss
- 9. Shankara buys a watch for Rs. 1,950 in cash and sells it for Rs. 2,200 at a credit of 1 year. If the rate of interest is 10% per annum, he _____ :
Options- A. gains Rs. 55
- B. gains Rs. 50
- C. loses Rs. 30
- D. gains Rs. 30 Discuss
- 10. A bill for Rs. 3000 is drawn on 14th July at 5 months. It is discounted on 5th October at 10 %. What is the Banker's Discount BD?
Options- A. Rs. 60
- B. Rs. 82
- C. Rs. 90
- D. Rs. 120 Discuss
Banker's Discount problems
Search Results
Correct Answer: Rs. 76
Explanation:
Correct Answer: Rs. 108
Explanation:
As per given question,
Face Value F = 450,
True discount = 90
As we know the formula,
Present Worth, PW = Face Value ? True Discount
Present Worth, PW = F ? TD = 540 ? 90 = Rs. 450
Hence Simple Interest on 450 = 90 ? ? ? ? ? ? ? ? ? ? ( 1 )
Simple Interest on the face value = Bankers Discount
? Simple Interest on 540
Hence, Simple Interest on 540 = 90/450 × 540 = Rs. 108 = Bankers Discount
Correct Answer: 5%
Explanation:
Correct Answer: Rs. 11, Rs. 121
Explanation:
T.D. = ?P.W. x B.G.
or B.G. = (T.D.)2/P.W. = (110 X 110) / 1100 = Rs. 11
? B.D. = B.G. + T.D. = Rs. (11 + 110) = Rs. 121
Correct Answer: 2.5%
Explanation:
Let TD = N, then BD = 11N/10
Sum = (BD x TD) / (BD - TD) = [(11N/10) x N] / [11N/10 - N]
= [11N2/10] / [N/10] = 11N
SI on ? 11N for 4 yr is ? 11N/10.
? Rate = (100 x 11N/10)/(11N x 4)% per annum
= 2.5% per annum
Correct Answer: 22.22%
Explanation:
Correct Answer: 11 1 % 9
Explanation:
Correct Answer: 3rd August
Explanation:
Correct Answer: gains Rs. 50
Explanation:
Correct Answer: Rs. 60
Explanation:
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