# Aptitude - Banker's Discount

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

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:

 A. Rs. 36 B. Rs. 72 C. Rs. 48 D. Rs. 96

Answer: Option D

Explanation:

T.D. = P.W. x B.G. = 576 x 16 = 96.

12.

The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

 A. Rs. 60 B. Rs. 108 C. Rs. 110 D. Rs. 112

Answer: Option B

Explanation:

P.W. = Rs. (540 - 90) = Rs. 450. S.I. on Rs. 450 = Rs. 90.

 S.I. on Rs. 540 = Rs. 90 x 540 = Rs. 108. 450 B.D. = Rs. 108.

13.

 The banker's discount on a certain sum due 2 years hence is 11 of the true discount. 10

The rate percent is:

 A. 11% B. 10% C. 5% D. 5.5%

Answer: Option C

Explanation:

Let T.D. be Re. 1.

 Then, B.D. = Rs. 11 = Rs. 1.10. 10 Sum = Rs. 1.10 x 1 = Rs. 110 = Rs. 11. 1.10 - 1 10 S.I. on Rs. 11 for 2 years is Rs. 1.10 Rate = 100 x 1.10 % = 5%. 11 x 2

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