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- Banker's Discount
11.
The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker’s discount is :
- A.Rs. 960
- C.Rs. 1020
- B.Rs. 840
- D.Rs. 760
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
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12.
A bill for Rs. 6000 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Banker's discount will be
- A.Rs. 120
- C.Rs. 110
- B.Rs. 117.64
- D.Rs. 115.63
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
| Face value of the bill = Rs. 6000 | ||||||||||||
| Date on which the bill was drawn = July 14 at 5 months | ||||||||||||
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| Date on which the bill was discounted = October, 5 | ||||||||||||
| Unexpired time : Oct. Nov. Dec. | ||||||||||||
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13.
The present worth of a certain sum due sometime hence is Rs. 1600 and he true discount is Rs. 160, The banker’s gain is:
- A.Rs. 20
- C.Rs. 16
- B.Rs. 24
- D.Rs. 12
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
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14.
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| the same sum for 2 years is Rs. 600. The rate percent is: |
- A.10%
- C.12%
- B.13%
- D.15%
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
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| T.D. for 2 years = Rs. 600. | |||||||||||||||
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| Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years. | |||||||||||||||
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15.
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.Rs. 36
- C.Rs. 48
- B.Rs. 72
- D.Rs. 96
- Answer & Explanation
- Report
Answer : [D]
Explanation :
Explanation :
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