BANKER’S DISCOUNT(MCQs)

The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

  • (A) Rs. 400
  • (B) Rs. 360
  • (C) Rs. 480
  • (D) Rs. 320
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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:

  • (A) 3 months
  • (B) 4 months
  • (C) 6 months
  • (D) 8 months
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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:

  • (A) Rs. 480
  • (B) Rs. 520
  • (C) Rs. 600
  • (D) Rs. 960
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The banker’s discount on a sum of money for 1.5 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

  • (A) 10%
  • (B) 13%
  • (C) 12%
  • (D) 15%
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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:

  • (A) Rs. 960
  • (B) Rs. 840
  • (C) Rs. 1020
  • (D) Rs. 760
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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:

  • (A) Rs. 360
  • (B) Rs. 432
  • (C) Rs. 540
  • (D) Rs. 1080
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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:

  • (A) Rs. 20
  • (B) Rs. 24
  • (C) Rs. 16
  • (D) Rs. 12
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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:

  • (A) Rs. 37
  • (B) Rs. 37.62
  • (C) Rs. 34.38
  • (D) Rs. 38.98
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The banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

  • (A) Rs. 72
  • (B) Rs. 36
  • (C) Rs. 54
  • (D) Rs. 50
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The banker’s gain on a certain sum due 1*1/2 year hence is 3/25 of the banker’s discount. The rate percent is:

  • (A) 5*1/5%
  • (B) 9*1/11%
  • (C) 8*1/8%
  • (D) 6*1/6%
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