Banker’s Discount Problems Quiz 4

Q1. The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

A. Rs. 400
B. Rs. 360
C. Rs. 480
D. Rs. 320

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
B. 4 months
C. 6 months
D. 8 months

Q3. 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
B. Rs. 840
C. Rs. 1020
D. Rs. 760

Q4. The banker’s gain on a certain sum due 1(1/2) years hence is 3/25 of the banker’s discount.The rate percent is :

A. 5(1/5)%
B. 9(1/9)%
C. 8(1/8)%
D. 6(1/6)%

Q5. 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

Q6. 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

Q7. The banker’s 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.

A) 7 months
B) 6 months
C) 3 months
D) 4 months

Q8. The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?

A) Rs. 4500
B) Rs. 6000
C) Rs. 5000
D) Rs. 4000

Q9. A bill for Rs. 6000 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the banker’s discount, true discount, banker’s gain and the money that the holder of the bill receives.

A) 4390
B) 6580
C) 5880
D) 5350

Q10. 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?

A) 50
B) 129
C) 100
D) 160