50+ Banker's Discount Aptitude Questions and Answers - 2

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Question: 6

The banker’s gain on a bill due 1 year hence at 12% per annum is Rs.6. The true discount is

(A) Rs. 36

(B) Rs. 50

(D) Rs. 72

Ans: B

T.D. = $${B.G × 100} / {R × T}$$ = Rs. $$({6 × 100} / {12 × 1})$$ = Rs. 50.

Question: 7

The present worth of a sum due certain time hence is Rs.1024 and the banker’s gain is Rs.36. The true discount is

(A) Rs. 172

(B) Rs. 182

(D) Rs. 196

Ans: C

Given P.W. = Rs. 1024; B.G. = Rs. 36;

√P.W. × B.G = √1024 × 36 = Rs. 192.

Question: 8

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. 12

(B) Rs. 16

(D) Rs. 24

Ans: B

B.G. = $${(T.D)^2} / {P.W.}$$ = RS.$$({160 × 160} / {1600})$$ = Rs. 16.

Question: 9

What rate percent does a man get for his money when in discounting a bill due 10 months hence, he deducts 10% of the amount of the bill?

(A) 10%

(B) 12%

(D) $$17{1} / {3}$$%

Ans: C

Let amount of the bill = Rs. 100. Money deduced = Rs. 10.

Money received by the holder of the bill = Rs. (100 – 10) = Rs. 90.

∴ S.I. on Rs. 90 for 10 months = Rs. 10.

∴ Rate = $$({100 × 10} / 90 × 10 / 12)$$ = $$13{1} / {3}$$%.

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