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Arithmetic Ability
Bankers Discount
Quiz 3
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Q.1
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?
50
129
100
150
Q.2
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:
Rs. 37
Rs. 37.62
Rs. 34.38
Rs. 38.98
Q.3
The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
Rs. 72
Rs. 36
Rs. 54
Rs. 50
Q.4
The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker’s discount and the banker’s gain.
120
121
130
151
Q.5
The banker's gain on a certain sum due $$1\frac{1}{2}$$ years hence is $$\frac{3}{{25}}$$ of the banker's discount. The rate percent is:
$$5\frac{1}{5}$$ %
$$9\frac{1}{{9}}$$ %
$$8\frac{1}{8}$$ %
$$6\frac{1}{6}$$ %
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