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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 banker’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 banker’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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