50+ Aptitude Banker's Discount Problems with Solutions Pdf - 2

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Question: 6

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

(A) Rs. 380

(B) Rs. 420

(D) Rs. 600

View Answer

Ans: D

T.D. $$({B.G × 100} / {Rate × Time})$$ = $$({24 × 100} / {10 × 2})$$ = Rs. 120.

∴ P.W. = $${100 × T.D.} / {Rate × Time}$$ = Rs. $$({100 × 120} / {10 × 2})$$ = Rs. 600.

Question: 7

The banker’s gain on a sum due 2 years hence at 10% p.a. is Rs.120. The banker’s discount is

(A) Rs. 240

(B) Rs. 480

(D) Rs. 940

View Answer

Ans: C

B.G. = Rs. 120; R = 10%; T = 2 years;

T.D. = $${B.G. × 100} / {R × T}$$ = $${120 × 100} / {10 × 2}$$ = Rs. 600.

∴ B.D. = Rs. (600 + 120) = Rs. 720.

Question: 8

If the true discount on a certain sum due 6 months hence at 15% is Rs.120, what is the banker’s discount on the same sum for the same time and at the same rate?

(A) Rs. 120

(B) Rs. 124

(D) Rs. 129

View Answer

Ans: D

B.G. = S.I. on T.D. = $$(120 × 15 × {1} / {2} × {1 / 100)$$ = Rs. 9.

∴ (B.D.) – (T.D.) = Rs. 9.

∴ B.D. = Rs. (120 + 9) = 129.

Question: 9

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) 2 months

(B) 3 months

(D) 6 months

View Answer

Ans: C

S.I. on Rs. 1600 = T.D. on Rs. 1680.

∴ 1600 is the P.W. of Rs. 1680, i.e.,

Rs. 80 is S.I. on Rs. 1600 at 15%.

∴ Time = $$({100 × 80} / {1600 × 15})$$year = $${1}/{3}$$year = 4 months.

Question: 10

The present worth of a certain sum due sometimes hence is Rs.1700 and the true discount is Rs.170. The banker’s gain is

(A) Rs. 16

(B) Rs. 17

(D) Rs. 24

View Answer

Ans: B

Given P.W. = Rs. 1700

. T.D. = Rs. 170

∴ B.G. = $$ {(T.D)^2} / {P.W.}$$ = $${(170)^2} / {1700}$$ = Rs. 17.

50+ Aptitude Banker's Discount Problems with Solutions Pdf - 2

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