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- Banker's Discount
16.
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| The rate percent is |
- A.11%
- C.5%
- B.10%
- D.5.5%
- Answer & Explanation
- Report
Answer : [C]
Explanation :
Explanation :
| Let T.D. be Re 1. Then, B.D. | ||||||||||||||||
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17.
The banker's discount and the true discount on a sum of money due 8 months hence rare Rs. 120 and Rs. 110 respectively. The sum is
- A.Rs. 1200
- C.Rs. 1300
- B.Rs. 1250
- D.Rs. 1320
- Answer & Explanation
- Report
Answer : [D]
Explanation :
Explanation :
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| Since B.D. is S.I. on sum due, so S.I. on Rs. 1320 for 8 months is Rs. 120. | ||||||||||||||||||||||
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18.
The true discount on a bill of Rs. 540 is Rs. 90. The banker’s discount is:
- A.Rs. 60
- C.Rs. 110
- B.Rs. 108
- D.Rs. 112
- Answer & Explanation
- Report
Answer : [B]
Explanation :
Explanation :
| P.W. = Rs. (540 - 90) = Rs. 450 | ||||||||
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19.
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| the same sum for 2 years is Rs. 600. The rate per cent 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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20.
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
- C.Rs. 540
- B.Rs. 432
- D.Rs. 1080
- Answer & Explanation
- Report
Answer : [A]
Explanation :
Explanation :
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