@⇒ Aptitude ⇒ Banker's Discount Multiple Choice Questions / Objective type questions, MCQ's, with question and answers, download free PDF, short cut notes, rapid fire notes, best theory

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Q1.	The banker's discount of a certain sum of money is Rs. 72 and tne true discount on the same sum for the same time is Rs. 60. The sum due is
A.	Rs. 360 [Correct Answer]
B.	Rs. 432 [Wrong Answer]
C.	Rs. 540 [Wrong Answer]
D.	Rs. 1080 [Wrong Answer]
View Answer 7 -2 Explanation:- Answer : A Discuss it below : _{Sum =} ^{B.D. X T.D.} ^{B.D. - T.D.} _{Rs. =} ^{72 X 60} ^{72 - 60} Rs. = 360 Click here for more comments


Q2.	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 [Wrong Answer]
B.	4 months [Correct Answer]
C.	6 months [Wrong Answer]
D.	8 months [Wrong Answer]
View Answer 6 -2 Explanation:- Answer : B Discuss it below : S.I. on Rs. 1600 = T.D. on Rs. 1680 So Rs. 1600 is the P.W. of Rs. 1680, Let Rs. 80 is S.I. on Rs. 1600 at 15%. Time = ( ^{100 X 80}/_{1600 X 15} ) year = ¹/₃ year = 4 months Click here for more comments


Q3.	The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is :
A.	Rs. 480 [Wrong Answer]
B.	Rs. 520 [Wrong Answer]
C.	Rs. 600 [Correct Answer]
D.	Rs. 960 [Wrong Answer]
View Answer 5 -3 Explanation:- Answer : C Discuss it below : Click here for more comments


Q4.	The present worth of a sum due sometime hence is Rs. 576 and the banker's gajn is Rs. 16 The true discount is :
A.	Rs. 36 [Wrong Answer]
B.	Rs. 72 [Wrong Answer]
C.	Rs. 48 [Wrong Answer]
D.	Rs. 96 [Correct Answer]
View Answer 5 -2 Explanation:- Answer : D Discuss it below : T.D. = √P.W. X B.G. = √576 X 16 = 96 Click here for more comments


Q5.	The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is :
A.	Rs. 960 [Wrong Answer]
B.	Rs. 840 [Wrong Answer]
C.	Rs. 1020 [Correct Answer]
D.	Rs. 760 [Wrong Answer]
View Answer 6 -2 Explanation:- Answer : C Discuss it below : _{T.D. =} ^{B.G. X 100} ^{Rate X Time} _{= Rs.} ^{270 X 100} ^{12 X 3} = Rs. 750 So B.D. = Rs. (750 + 270) = Rs. 1020. Click here for more comments

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