# 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 |

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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