# 100+ Bankers Discount Questions and Answers for Bank Exams - 1

Question: 1

The banker’s discount on a sum of money for $$1{1}/{2}$$ years is Rs.837 and the true discount on the same sum for 2 years is Rs.900. The rate percent is

(A) 10%

(B) 11%

(C) 12%

(D) 13%

Ans: C

Given B.D. for $$1{1}/{2}$$ years = Rs. 837.

∴ B.D. for 2 years = Rs. 837 × $${2}/{3}$$ × 2 = Rs. 1116

T.D. for 2 years = 900.

Sum = $${B.D. × T.D.} / {B.D. - T.D.}$$ =$${1116 × 900}/{1116 - 900}$$ = $${1116 × 900}/{216}$$ = Rs. 4650.

∴ Rs. 1116 is S.I. on Rs. 4650

∴ Rate = $$({1116 × 100}/{4650 × 2})$$ = 12%.

Question: 2

The banker’s discount on a sum of money for $$1{1}/{2}$$ years is Rs.558 and the true discount on the same sum for 2 years is Rs.600. The rate percent is

(A) 12%

(B) 14%

(C) 16%

(D) 18%

Ans: A

B.D. for $${3}/{2}$$ years = Rs.558

B.D. for 2 years = Rs. $$(558 × {2}/{3} × 2)$$ = Rs. 744.

T.D. for 2 years = Rs. 600.

∴ Sum = $${B.D. × T.D.} / {B.D. - T.D.}$$ = Rs. $$({744 × 600} / {144})$$ = Rs. 3100.

Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years.

∴ Rate = $$({100 × 744}/{3100 × 2})$$% = 12%.Question: 3

The banker’s gain on a certain sum due $$1{1}/{2}$$ years hence is $${3}/{25}$$ of the banker’s discount. The rate percent is

(A) $$1{1}/{2}$$

(B) $$5{1}/{5}$$

(C) $$9{1}/{9}$$

(D) $$9{2}/{3}$$

Ans: C

Let, B.D. = Rs. 1. Then, B.G. = Rs. $${3}/{25}$$.

∴ T.D. = (B.D. – B.G.) = Rs. $$(1 – {3}/{25})$$ = Rs. $${22}/{25}$$.

Sum = $$({1 × 22/25} /{1 - 22/25})$$ = $${22}/{3}$$.

S.I. on Rs. $${22}/{3}$$ for $$1{1}/{2}$$ years is Rs. 1.

∴ Rate = $$({100 × 1} /{22/3 × 3/2})$$% = $$9{1}/{9}$$%.

Question: 4

The present worth of a bill due certain time hence is Rs.1300 and the true discount on the bill is Rs. 130. Find the banker’s discount and the banker’s gain.

(A) Rs. 12

(B) Rs. 13

(C) Rs. 14

(D) Rs. 16

Ans: B

B.G. = $${(T.D.)^2}/{P.W.}$$ = Rs. $${(130)^2}/{1300}$$ = Rs. 13.

∴ B.D. = T.D. + B.G. = 130 + 13 = Rs. 143.

∴ Banker’s discount = Rs. 143.

∴ Banker’s gain = Rs. 13.

Error Report!

100+ IBPS Model Question Papers with Answers Pdf More

100+ Analogy Questions and Answers for Competitive Exams More

100+ Direct/Simple Analogy Questions for Bank Exams Pdf More

1,000+ SSC Exam Questions and Answers Pdf More

Time and Distance Questions for Bank PO, SO, Clerk Exams More

Top 50+ Sufi Movement and Bhakti Movement GK Quiz Questions More

1000+ Banking Question Paper with Answers Pdf More

Analogy Questions and Answers for SSC CGK, CHSL, MTS, JE, SI Exams More

OOPS Constructors MCQ Quiz Questions and Answers More

Compiler Design Questions and Answers for Gate 2020-2021 More