Exercise :: Banker's Discount  General Questions
 Banker's Discount  Important 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 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: 

Answer: Option B Explanation: P.W. = Rs. (540  90) = Rs. 450. S.I. on Rs. 450 = Rs. 90.
B.D. = Rs. 108. 
13. 
The rate percent is: 

Answer: Option C Explanation: Let T.D. be Re. 1.
S.I. on Rs. 11 for 2 years is Rs. 1.10
