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Aptitude - Banker's Discount

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Exercise

  • General Questions
"We cannot solve our problems with the same thinking we used when we created them."
- Albert Einstein
1. 

The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

A. Rs. 400B. Rs. 360
C. Rs. 480D. Rs. 320

2. 

The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

A. 3 monthsB. 4 months
C. 6 monthsD. 8 months

3. 

The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

A. Rs. 480B. Rs. 520
C. Rs. 600D. Rs. 960

4. 

The banker's discount on a sum of money for 1 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

A. 10%B. 13%
C. 12%D. 15%

5. 

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

A. Rs. 960B. Rs. 840
C. Rs. 1020D. Rs. 760




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