The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. Find the banker’s discount ?
Answer: A
Amount = Rs. 1860.
True discount = Rs. 60
∴ Present worth = Rs. 1860 – Rs. 60 = Rs. 1800
S.I. on Rs. 1800 for 8 months = Rs. 60
∴ Rate = [(100 * 60) / (1800 * 2/3)]% = 5%
∴ Banker’s discount = (1860 * 5 * 2/3)/100 = Rs. 62
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The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:
Answer: B
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The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:
Answer: C
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The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
Answer: C
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The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:
Answer: C
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The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
Answer: A
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The present worth of Rs. 2310 due 2.5 years hence, the rate of interest being 15% per annum, is:
Answer: B
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The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
Answer: B
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The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker’s discount and the banker’s gain.
Answer: B
.D. = √(P.W.*B.G)
B.G. = (T.D.)⊃2;/ P.W. = Rs.[(110*110)/ 1100] = Rs. 11.
B.D.= (T.D. + B.G.) = Rs. (110 + 11) = Rs. 121.
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The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker’s discount is :
Answer: B
B.G. = (T.D.)⊃2; / P.W. = Rs.(36*36)/800 = Rs. 1.62
BD = (TD + BG) = Rs. (36+1.62) = Rs. 37.62
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