bankers discount aptitude questions

6.

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.     Rs. 360    B.     Rs. 432
C.     Rs. 540    D.     Rs. 1080
Answer & Explanation

Answer: Option A

Explanation:

Sum =     B.D. x T.D.     = Rs.         72 x 60         = Rs.         72 x 60         = Rs. 360.
B.D. – T.D.     72 – 60     12

7.

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.     Rs. 20    B.     Rs. 24
C.     Rs. 16    D.     Rs. 12
Answer & Explanation

Answer: Option C

Explanation:

B.G. =     (T.D.)2     = Rs.         160 x 160         = Rs. 16.
P.W.     1600

8.

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.     Rs. 37    B.     Rs. 37.62
C.     Rs. 34.38    D.     Rs. 38.98
Answer & Explanation

Answer: Option B

Explanation:

B.G. =     (T.D.)2     = Rs.         36 x 36         = Rs. 1.62
P.W.     800

B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62

m
9.

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

Answer: Option D

Explanation:

T.D. =     B.G. x 100     = Rs.         6 x 100         = Rs. 50.
R x T     12 x 1

10.

The banker’s gain on a certain sum due 1     1     years hence is     3     of the banker’s
2     25

discount. The rate percent is:

A.
5     1     %
5
B.
9     1     %
11
C.
8     1     %
8
D.
6     1     %
6
Answer & Explanation

Answer: Option B

Explanation:

Let, B.D = Re. 1.

Then, B.G. = Re.     3     .
25

T.D. = (B.D. – B.G.) = Re.         1 –     3         = Re.     22     .
25     25

Sum =         1 x (22/25)         = Rs.     22     .
1-(22/25)     3

S.I. on Rs.     22     for 1     1     years is Re. 1.
3     2

Rate =         100 x 1     %
=     100     = 9     1     %.
11     11
22     x     3
3     2

 

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