# Aptitude - Banker's Discount

## Why Aptitude Banker's Discount?

In this section you can learn and practice Aptitude Questions based on "Banker's Discount" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) with full confidence.

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## Where can I get Aptitude Banker's Discount Interview Questions and Answers (objective type, multiple choice)?

Here you can find objective type Aptitude Banker's Discount questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided.

## How to solve Aptitude Banker's Discount problems?

You can easily solve all kind of Aptitude questions based on Banker's Discount by practicing the objective type exercises given below, also get shortcut methods to solve Aptitude Banker's Discount problems.

### Exercise :: Banker's Discount - General Questions

1.

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

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

Explanation:

T.D.
 = B.D. x 100 100 + (R x T)
= Rs. 420 x 100 100 + 15 x 1 3
 = Rs. 420 x 100 105
= Rs. 400.

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 months B. 4 months C. 6 months D. 8 months

Explanation:

S.I. on Rs. 1600 = T.D. on Rs. 1680. Rs. 1600 is the P.W. of Rs. 1680, i.e., Rs. 80 is on Rs. 1600 at 15%. Time = 100 x 80 year = 1 year = 4 months. 1600 x 15 3

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

Explanation:

 T.D. = B.G. x 100 = Rs. 24 x 100 = Rs. 120. Rate x Time 10 x 2 P.W. = 100 x T.D. = Rs. 100 x 120 = Rs. 600. Rate x Time 10 x 2

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%

Explanation:

B.D. for years = Rs. 558.
B.D. for 2 years
 = Rs. 558 x 2 x 2 3
= Rs. 744

T.D. for 2 years = Rs. 600. Sum = B.D. x T.D. = Rs. 744 x 600 = Rs. 3100. B.D. - T.D 144

Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years. Rate = 100 x 744 % = 12% 3100 x 2

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

Explanation:

 T.D. = B.G. x 100 = Rs. 270 x 100 = Rs. 750. R x T 12 x 3 B.D. = Rs.(750 + 270) = Rs. 1020.