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:

Rs. 36

Rs. 72

Rs. 48

Rs. 96

Answer: Option

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:

Rs. 60

Rs. 108

Rs. 110

Rs. 112

Answer: Option

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:

11%

10%

5.5%

Answer: Option

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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