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Banker’s Discount

Important Instructions
51.

The present worth of a certain sum due sometime hence is Rs.1600 and the true discount is Rs.160. The banker's gain is?

Answer: C

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52.

The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:

Answer: D

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53.

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

Answer: D

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54.

The banker's discount on a sum of money for 3/2 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

Answer: C

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55.

A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

Answer: B

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56.

The banker’s discount of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time is Rs. 30. What is the sum due?

Answer: A

F = BD * TD/(BD – TD) = 36 * 30/(36 – 30)
= 36*30/6
= 36*5 = Rs. 180

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57.

The true discount on a bill of Rs. 540 is Rs. 90. The banker’s discount is :

Answer: B

P.W. = Rs. (540 – 90) = Rs. 450.
∴ S.I. on Rs. 450 = Rs. 90
S.I. on Rs. 540 = Rs. (90/450)*(540)= Rs. 108.

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58.

The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs.24. The persent worth is?

Answer: C

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59.

A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

Answer: A

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60.

The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:

Answer: A

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