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Arithmetic Ability
Bankers Discount
Quiz 1
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Q.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:
Rs. 20
Rs. 24
Rs. 16
Rs. 12
Q.2
The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker's discount?
1240
1120
1190
1290
Q.3
What is the present worth of a bill of Rs. 1764 due 2 years hence at 5% compound interest is
Rs. 1600
Rs. 1200
Rs. 1800
Rs. 1400
Q.4
The true discount on a bill for Rs. 2520 due 6 months hence at 10% per annum is
Rs. 180
Rs. 140
Rs. 80
Rs. 120
Q.5
The true discount on a certain sum due 6 months hence at 15% is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?
Rs. 258
Rs. 278
Rs. 228
None of these
Q.6
The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate per cent?
8%
12%
10%
6%
Q.7
What rate present does a man get for his money when in discounting a bill due 10 months hence he deducts 10% of the amount of the bill ?
$$12\frac{1}{2}\,\% $$
$$13\frac{1}{5}\,\% $$
$$13\frac{1}{3}\,\% $$
$$13\frac{3}{7}\,\% $$
Q.8
The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?
Rs. 19
Rs. 22
Rs. 20
Rs. 21
Q.9
A bill for Rs. 3000 is drawn on 14
^{th}
July at 5 months. It is discounted on 5
^{th}
October at 10%. What is the Banker's Discount?
Rs. 60
Rs. 82
Rs. 90
Rs. 120
Q.10
The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:
Rs. 21
Rs. 17
Rs. 18
Rs. 34
Q.11
The banker's discount on a sum of money for $$1\frac{1}{2}$$ years is Rs. 120. The true discount on the same sum for 2 years is Rs. 150. What is the rate per cent?
$$3\frac{1}{3}\,\% $$
$$4\frac{1}{3}\,\% $$
$$3\frac{2}{3}\,\% $$
$$4\frac{2}{3}\,\% $$
Q.12
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:
310
320
330
340
Q.13
Find the banker’s gain, if the present worth of a certain amount is Rs.2400 and the true discount is Rs.120.
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7
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8
Q.14
Find the rate percent if the banker’s gain on a certain sum due two and a half year hence is $$\frac{1}{5}$$ of the banker’s discount.
5%
10%
15%
20%
Q.15
A bill is discounted at 10% per annum. If banker's discount is allowed, at what rate percent should the proceeds be invested so that nothing will be lost?
$$10\frac{1}{9}\,\% $$
$$11\frac{1}{9}\,\% $$
$$11\,\% $$
$$10\frac{2}{9}\,\% $$
Q.16
If the discount on Rs. 498 at 5% simple interest is Rs.18, when is the sum due?
8 months
11 months
10 months
9 months
Q.17
The bankers 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.
4 months
5 months
6 months
3 months
Q.18
The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker's discount?
Rs. 432
Rs. 422
Rs. 412
Rs. 442
Q.19
The present worth of a sum due sometimes hence is Rs.5760 and the baker's gain is Rs.10. What is the true discount?
Rs. 480
Rs. 420
Rs. 120
Rs. 240
Q.20
The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?
Rs. 24
Rs. 12
Rs. 36
Rs. 18
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