Simple bankers discount related problems for axis, hdfc and IDBI bank exams.
1. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:
A. Rs. 1360 B. Rs. 1000
C. Rs. 360 D. Rs. 640
2. The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?
A. 8% B. 12%
C. 10% D. 6%
3. The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?
A. Rs. 19 B. Rs. 22
C. Rs. 20 D. Rs. 21
4. The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?
A. Rs. 4500 B. Rs. 6000
C. Rs. 5000 D. Rs. 4000
5. What is the present worth of a bill of Rs.1764 due 2 years hence at 5% compound interest is
A. Rs. 1600 B. Rs. 1200
C. Rs. 1800 D. Rs. 1400
6. The true discount on a certain sum due 6 months hence at 15% is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?
A. None of these B. Rs. 278
C. Rs. 228 D. Rs. 258
7. The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
A. Rs. 200 B. Rs. 100
C. Rs. 150 D. Rs. 250
8. What is the banker's discount if the true discount on a bill of Rs.540 is Rs.90 ?
A. Rs. 108 B. Rs. 120
C. Rs. 102 D. Rs. 106
9. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. What is the true discount?
A. Rs. 410 B. Rs. 400
C. Rs. 390 D. Rs. 380
10. The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. What is the time?
A. 3 months B. 4 months
C. 5 months D. 6 months
Answers :
1. A 2. D 3. D 4. C 5. A
6. D 7. A 8. A 9. B 10. B
1. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:
A. Rs. 1360 B. Rs. 1000
C. Rs. 360 D. Rs. 640
2. The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?
A. 8% B. 12%
C. 10% D. 6%
3. The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?
A. Rs. 19 B. Rs. 22
C. Rs. 20 D. Rs. 21
4. The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?
A. Rs. 4500 B. Rs. 6000
C. Rs. 5000 D. Rs. 4000
5. What is the present worth of a bill of Rs.1764 due 2 years hence at 5% compound interest is
A. Rs. 1600 B. Rs. 1200
C. Rs. 1800 D. Rs. 1400
6. The true discount on a certain sum due 6 months hence at 15% is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?
A. None of these B. Rs. 278
C. Rs. 228 D. Rs. 258
7. The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
A. Rs. 200 B. Rs. 100
C. Rs. 150 D. Rs. 250
8. What is the banker's discount if the true discount on a bill of Rs.540 is Rs.90 ?
A. Rs. 108 B. Rs. 120
C. Rs. 102 D. Rs. 106
9. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. What is the true discount?
A. Rs. 410 B. Rs. 400
C. Rs. 390 D. Rs. 380
10. The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. What is the time?
A. 3 months B. 4 months
C. 5 months D. 6 months
Answers :
1. A 2. D 3. D 4. C 5. A
6. D 7. A 8. A 9. B 10. B
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