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01.

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 and Explanation

Answer: Rs. 360

Explanation:

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02.

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:

A.	3 months	B.	4 months
C.	6 months	D.	8 months

Answer and Explanation

Answer: 4 months

Explanation:

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03.

The present worth of a certain bill due sometime hence is Rs 800 and the true discount is Rs 36. The bankerâ€™s discount is

A.	Rs 37	B.	Rs 37.62
C.	Rs 34.38	D.	Rs 38.98

Answer and Explanation

Answer: Rs 37.62

Explanation:
BG = (TD)² / PW = Rs (36 *36)/800 = Rs 1.62
Hence, BD = (TD + BG) = Rs (36 + 1.62) = Rs 37.62

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04.

The bankerâ€™s gain of a certain sum due 2 yrs hence at 10% per annum is Rs 24. The present worth is

A.	Rs 480	B.	Rs 520
C.	Rs 600	D.	Rs 960

Answer and Explanation

Answer: Rs 600

Explanation:
TD = (BG * 100) / (Rate *time) = Rs (24 * 100)/ (10 * 2) = Rs 120
PW = (100 * TD) / (Rate * Time) = Rs (100 * 120 ) / (10 * 2) = Rs 600

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05.

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

A.	Rs. 60	B.	Rs. 108
C.	Rs. 110	D.	Rs. 112

Answer and Explanation

Answer: Rs. 108

Explanation:

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