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01.

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:

A.	10%	B.	13%
C.	12%	D.	15%

Answer and Explanation

Answer: 12%

Explanation:

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02.

If the banker’s discount on a certain amount of money is Rs.80 and the true discount on the same amount for the same time duration is Rs.64, then the amount due is:

A.	320	B.	360
C.	400	D.	None of these

Answer and Explanation

Answer: 320

Explanation:

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03.

The banker’s gain on a bill due 1 year hence at 12% per annum is Rs 6. The true discount is

A.	Rs 72	B.	Rs 36
C.	Rs 54	D.	Rs 50

Answer and Explanation

Answer: Rs 50

Explanation:
TD = (BG * 100) / ( R * T) = Rs (6 * 100) / ( 12 * 1) = Rs 50

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04.

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:
PW = Rs (540 – 90) = Rs 450
Hence, SI on Rs 450 = Rs 90
SI on Rs 540 = Rs (90/450 * 540) = Rs 108
Hence BD = Rs 108

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05.

The present worth of a certain sum due sometime hence is Rs 1,600 and the true discount is Rs 160. The banker’s gain is

A.	20	B.	24
C.	16	D.	12

Answer and Explanation

Answer: 16

Explanation:
BG = (TD)2 / PW = Rs (160 * 160)/1600 = Rs 16

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06.

The banker’s gain on a bill due 2 years hence at 10% per annum is Rs.10. What is the true discount?

A.	25	B.	50
C.	100	D.	75

Answer and Explanation

Answer: 50

Explanation:

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