Banker's discount - aptitude test


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1) What is the banker’s discount, if the true discount on a bill of Rs.840 is Rs.105?

a) 120
b) 110
c) 115
d) 125


Solution:

2) Find the banker’s gain, if the present worth of a certain amount is Rs.2400 and the true discount is Rs.120.

a) 10
b) 12
c) 6
d) 20

Solution:

3) The banker’s gain on a bill due 2 years hence at 10% per annum is Rs.10. What is the true discount?

a) 25
b) 50
c) 100
d) 75

Solution:

4) If the banker’s discount on a certain amount of money is Rs.80 and the true discount on the same amount for the same time duration is Rs.64, then the amount due is:

a) 320
b) 360
c) 400
d) None of these

Solution:

5) Find the rate percent if the banker’s gain on a certain sum due two and a half year hence is 1/5 of the banker’s discount.

a) 12.5%
b) 15%
c) 10%
d) 7.5%

Solution:

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