IndiaBIX

Aptitude - Banker's Discount

Why should I learn to solve Aptitude questions and answers section on "Banker's Discount"?

Learn and practise solving Aptitude questions and answers section on "Banker's Discount" to enhance your skills so that you can clear interviews, competitive examinations, and various entrance tests (CAT, GATE, GRE, MAT, bank exams, railway exams, etc.) with full confidence.

Where can I get the Aptitude questions and answers section on "Banker's Discount"?

IndiaBIX provides you with numerous Aptitude questions and answers based on "Banker's Discount" along with fully solved examples and detailed explanations that will be easy to understand.

Where can I get the Aptitude section on "Banker's Discount" MCQ-type interview questions and answers (objective type, multiple choice)?

Here you can find multiple-choice Aptitude questions and answers based on "Banker's Discount" for your placement interviews and competitive exams. Objective-type and true-or-false-type questions are given too.

How do I download the Aptitude questions and answers section on "Banker's Discount" in PDF format?

You can download the Aptitude quiz questions and answers section on "Banker's Discount" as PDF files or eBooks.

How do I solve Aptitude quiz problems based on "Banker's Discount"?

You can easily solve Aptitude quiz problems based on "Banker's Discount" by practising the given exercises, including shortcuts and tricks.

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:
Rs. 400
Rs. 360
Rs. 480
Rs. 320
Answer: Option
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:
3 months
4 months
6 months
8 months
Answer: Option
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:
Rs. 480
Rs. 520
Rs. 600
Rs. 960
Answer: Option
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:
10%
13%
12%
15%
Answer: Option
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:
Rs. 960
Rs. 840
Rs. 1020
Rs. 760
Answer: Option
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.

Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers