Aptitude - Banker's Discount
Exercise : Banker's Discount - General Questions
- Banker's Discount - Formulas
- 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:
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:
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:
Answer: Option
Explanation:
Let T.D. be Re. 1.
Then, B.D. = Rs. | 11 | = Rs. 1.10. |
10 |
![]() |
![]() |
1.10 x 1 | ![]() |
= Rs. | ![]() |
110 | ![]() |
= Rs. 11. |
1.10 - 1 | 10 |
S.I. on Rs. 11 for 2 years is Rs. 1.10
![]() |
![]() |
100 x 1.10 | ![]() |
= 5%. |
11 x 2 |
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