Aptitude  Banker's Discount
Exercise : Banker's Discount  General Questions
 Banker's Discount  Formulas
 Banker's Discount  General Questions
6.
The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:
Answer: Option
Explanation:
Sum =  B.D. x T.D.  = Rs.  72 x 60  = Rs.  72 x 60  = Rs. 360.  
B.D.  T.D.  72  60  12 
7.
The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:
Answer: Option
Explanation:
B.G. =  (T.D.)^{2}  = Rs.  160 x 160  = Rs. 16.  
P.W.  1600 
8.
The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:
Answer: Option
Explanation:
B.G. =  (T.D.)^{2}  = Rs.  36 x 36  = Rs. 1.62  
P.W.  800 
B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62
9.
The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
Answer: Option
Explanation:
T.D. =  B.G. x 100  = Rs.  6 x 100  = Rs. 50.  
R x T  12 x 1 
10.
The banker's gain on a certain sum due 1  1  years hence is  3  of the banker's 
2  25 
discount. The rate percent is:
Answer: Option
Explanation:
Let, B.D = Re. 1.
Then, B.G. = Re.  3  . 
25 
T.D. = (B.D.  B.G.) = Re.  1   3  = Re.  22  .  
25  25 
Sum =  1 x (22/25)  = Rs.  22  .  
1(22/25)  3 
S.I. on Rs.  22  for 1  1  years is Re. 1. 
3  2 
Rate =  100 x 1  % 



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