Banker’s Discount mcqs test 01

1. The banker’s discount on a bill due 4 months hence at 15% is Rs.420. The true discount is:

2. 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:

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:

4. The banker’s gain of a certain sum due 2 years hence at 10% per annum is Rs.24. The present worth
is ?

5. The bankers gain on a bill due one year hence at 12% per annum is Rs.6. The true discount is:

6. The bankers discount on a certain sum due 2 years hence is 11/10 of the true discount. The rate
percent is:

7. The present worth of a certain sum due sometime hence is Rs.1600 and the true discount is Rs.160.
The banker’s gain is:

8. The banker’s discount on Rs.1800 at 12% per annum is equal to the true discount on Rs.1872 for the
same time at the same rate. Find the time.

9. If the true discount on a certain sum due 6 months hence at 15% is Rs.120, what is the banker’s
discount on the same sum for the same time and at the same rate?

10. The present worth of a sum due sometime hence is Rs.576 and the banker’s gain is Rs:16. The true
discount is:

11. The banker’s gain on a sum due 3 years hence at 12% per annum is Rs.270. The banker’s discount
is?

12. 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:

13. The banker’s discount on a sum of money for 1.5 years is Rs.558 and the true discount on the same
sum for 2 years is Rs.600. The rate percent is:

14. The true discount on a bill of Rs.540 is Rs.90. The banker’s discount is:

15. 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: