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

400 Rs. 480 B. D. Rs. 360 Rs. 320

Answer & Explanation

Answer: Option A Explanation: T.D. = B.D. x 100 100 + (R x T) 420 x 100 = Rs. 100 + 15 x 1 3

= Rs.

420 x 100 105

= Rs. 400. View Answer Workspace Report Discuss in Forum 2.

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. C. 3 months 6 months B. D. 4 months 8 months

Answer & Explanation

Answer: Option B Explanation: 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%. 100 x 80 1

year = 4 months. 3 year View Answer Workspace Report Discuss in Forum 1600 x 15 3.

Time =

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

worth is: A. C. Rs. 480 Rs. 600 B. D. Rs. 520 Rs. 960

Answer & Explanation

Answer: Option C Explanation: B.G. x 100 Rate x Time 100 x T.D. 24 x 100 10 x 2 100 x 120

T.D. =

= Rs. = Rs.

= Rs. 120. = Rs. 600.

Rate x Time 10 x 2 View Answer Workspace Report Discuss in Forum 4.

P.W. =

The banker's discount on a sum of money for 1 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is: A. C. 10% 12% B. D. 13% 15%

Answer & Explanation

Answer: Option C Explanation: = Rs. 558. 2 3

B.D. for

years

B.D. for 2 years = Rs.

558 x

x2

= Rs. 744

T.D. for 2 years = Rs. 600. B.D. x T.D. B.D. - T.D 744 x 600 144

Sum =

= Rs.

= Rs. 3100.

Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years. Rate = 100 x 744 % = 12%

3100 x 2 View Answer Workspace Report Discuss in Forum 5.

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is: A. C. Rs. 960 Rs. 1020 B. D. Rs. 840 Rs. 760

Answer & Explanation

Answer: Option C Explanation: B.G. x 100 RxT 270 x 100 12 x 3

T.D. =

= Rs.

= Rs. 750.

B.D. = Rs.(750 + 270) = Rs. 1020.

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. C. Rs. 360 Rs. 540 B. D. Rs. 432 Rs. 1080

Answer & Explanation

Answer: Option A Explanation: 72 x 60 = Rs. = Rs. B.D. - T.D. 72 - 60 View Answer Workspace Report Discuss in Forum Sum = 7. B.D. x T.D. 72 x 60 12

= Rs. 360.

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: A. C. Rs. 20 Rs. 16 B. D. Rs. 24 Rs. 12

Answer & Explanation

Answer: Option C Explanation: 160 x 160 = Rs. = Rs. 16. P.W. 1600 View Answer Workspace Report Discuss in Forum B.G. = 8. (T.D.)2

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. C. Rs. 37 Rs. 34.38 B. D. Rs. 37.62 Rs. 38.98

Answer & Explanation

Answer: Option B Explanation: (T.D.)2 P.W. 36 x 36 800

B.G. =

= Rs.

= Rs. 1.62

B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62 View Answer Workspace Report Discuss in Forum 9.

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is: A. C. Rs. 72 Rs. 54 B. D. Rs. 36 Rs. 50

Answer & Explanation

Answer: Option D Explanation: B.G. x 100 6 x 100

T.D. =

= Rs. 50. RxT 12 x 1 View Answer Workspace Report Discuss in Forum 10. 1 2 3 25

= Rs.

The banker's gain on a certain sum due 1

years hence is

of the banker's

discount. The rate percent is: A. 1 5 % 5 1 8 % 8 B. 9 1 11 %

C.

D.

1 6 % 6

Answer & Explanation

Answer: Option B Explanation: Let, B.D = Re. 1. Then, B.G. = Re. 3 25 . 13 25 = Re. 22 . 25

T.D. = (B.D. - B.G.) = Re. Sum = 1 x (22/25) 1-(22/25) 22 3 2 100 x 1 22 3 x 3 2 % for 1 1

22 = Rs. . 3 years is Re. 1. 100 11 1 11

S.I. on Rs.

Rate =

=9

%.

The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is: A. C. Rs. 36 Rs. 48 B. D. Rs. 72 Rs. 96

Answer & Explanation

Answer: Option D Explanation: T.D. = P.W. x B.G. = 576 x 16 = 96. View Answer Workspace Report Discuss in Forum 12. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

A. C.

Rs. 60 Rs. 110

B. D.

Rs. 108 Rs. 112

Answer & Explanation

Answer: Option B Explanation: P.W. = Rs. (540 - 90) = Rs. 450. S.I. on Rs. 450 = Rs. 90. 90 450

S.I. on Rs. 540 = Rs.

x 540

= Rs. 108.

B.D. = Rs. 108. View Answer Workspace Report Discuss in Forum 13. 11 10

The banker's discount on a certain sum due 2 years hence is

of the true discount.

The rate percent is: A. C. 11% 5% B. D. 10% 5.5%

Answer & Explanation

Answer: Option C Explanation: Let T.D. be Re. 1. Then, B.D. = Rs. Sum = Rs. = Rs. 1.10. 10 1.10 x 1 = Rs. 1.10 - 1 11

110 10

= Rs. 11.

S.I. on Rs. 11 for 2 years is Rs. 1.10 100 x 1.10 11 x 2 %

Rate =

= 5%.