Aptitude - Banker's Discount
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OverviewExercise"When ambition ends, happiness begins."
- (Proverb)
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| 11. |
The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
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Answer: Option B
Explanation:
T.D. = P.W. x B.G. = 576 x 16 = 96.
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| 12. |
The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
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Answer: Option E
Explanation:
P.W. = Rs. (540 - 90) = Rs. 450.
 S.I. on Rs. 450 = Rs. 90.
| S.I. on Rs. 540 = Rs. |
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90 |
x 540 |
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= Rs. 108. |
| 450 |
B.D. = Rs. 108.
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| 13. |
| The banker's discount on a certain sum due 2 years hence is |
11 |
of the true discount. |
| 10 |
The rate percent is:
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Answer: Option C
Explanation:
Let T.D. be Re. 1.
| Then, B.D. = Rs. |
11 |
= Rs. 1.10. |
| 10 |
| Sum = Rs. |
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1.10 x 1 |
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= Rs. |
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110 |
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= Rs. 11. |
| 1.10 - 1 |
10 |
S.I. on Rs. 11 for 2 years is Rs. 1.10
| Rate = |
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100 x 1.10 |
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= 5%. |
| 11 x 2 |
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