Bankers Discount - Aptitude Questions and Answers

1. 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:
Answer :   Rs. 16

2. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
Answer :   Rs. 400

3. 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:
Answer :   Rs. 37.62

4. 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:
Answer :   Rs. 360

5. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:
Answer :   Rs.1020

6. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
Answer :   Rs. 108

7. The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
Answer :   Rs. 50

8. 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:
Answer :   12%

9. The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
Answer :   Rs. 600

10. 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:
Answer :   Rs. 37.62

11. The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:
Answer :   4 months

12. 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:
Answer :   Rs. 16

13. 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:
Answer :   Rs. 360

14. The banker's discount on a certain sum due 2 years hence is11/10 of the true discount? The rate percent is:
Answer :   5%

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:
Answer :   Rs. 96

16. The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
Answer :   Rs. 50

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