Aptitude - Bankers Discount
6.
The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is
Answer
T.D. = B.G. x 100R x T = Rs. 270 x 10012 x 3 = Rs. 750
∴ B.D. = Rs. (750 + 270) = Rs. 1020.
Answer :
Option CExplanation :
T.D. = B.G. x 100R x T = Rs. 270 x 10012 x 3 = Rs. 750
∴ B.D. = Rs. (750 + 270) = Rs. 1020.
7.
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. The time is :
Answer
S.I. on Rs. 1600 = T.D. on Rs. 1680.
Rs. 1600 is the P.W. of Rs. 1680, i.e., Rs. 80 is on Rs. 1600 at 15%.
∴ Time = 100 x 801600 x 15 year = 13 year = 4 months
Answer :
Option BExplanation :
S.I. on Rs. 1600 = T.D. on Rs. 1680.
Rs. 1600 is the P.W. of Rs. 1680, i.e., Rs. 80 is on Rs. 1600 at 15%.
∴ Time = 100 x 801600 x 15 year = 13 year = 4 months
8.
The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
Answer
T.D. = B.G. x 100R x T = Rs. 24 x 10010 x 2 = Rs. 120
P.W. = 100 x T.D.R x T = Rs. 100 x 120 10 x 2 = Rs. 600
Answer :
Option CExplanation :
T.D. = B.G. x 100R x T = Rs. 24 x 10010 x 2 = Rs. 120
P.W. = 100 x T.D.R x T = Rs. 100 x 120 10 x 2 = Rs. 600
9.
The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is :
Answer
B.G. = (T.D.)2P.W. = Rs. 160 x 160 1600 = Rs. 16
Answer :
Option CExplanation :
B.G. = (T.D.)2P.W. = Rs. 160 x 160 1600 = Rs. 16
10.
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.G. = (T.D.)2P.W. = Rs. 36 x 36 800 = Rs. 1.62
∴ B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62
Answer :
Option BExplanation :
B.G. = (T.D.)2P.W. = Rs. 36 x 36 800 = Rs. 1.62
∴ B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62
Jump to page number :