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Answer : Option B
Explanation :
TD
= BD ×100100+ TR=420×100100+(412×15)=420×100100+(13×15)=420×100100+5=420×100105=84×1002
1=4×100=400
2. The banker's discount on a certain amount due 2 years hence is 11⁄10 of the true discount. What is the
rate percent?
A. 1% B. 5%
C. 10% D. 12%
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Answer : Option B
Explanation :
Let TD = Rs. 1
R=?
BD =FTR100⇒1110=11×2×R100⇒110=22R⇒R=11022=5%
3. 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?
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Answer : Option D
Explanation :
4. What is the banker's discount if the true discount on a bill of Rs.540 is Rs.90 ?
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Answer : Option A
Explanation :
5. A bill for Rs. 3000 is drawn on 14th July at 5 months. It is discounted on 5th October at 10%. What is the
Banker's Discount?
A. Rs. 60 B. Rs. 82
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Answer : Option A
Explanation :
F = Rs. 3000
R = 10%
Unexpired Time
= 26 + 30 + 17 = 73 Days
BD = Simple Interest on the face value of the bill for unexpired time
= FTR100=3000×15×10100=30×15×10 = Rs. 60
6. The bankers discount and the true discount of a sum at 10% per annum simple interest for the same
time are Rs.100 and Rs.80 respectively. What is the sum and the time?
A. Sum = Rs.400 and Time = 5 years B. Sum = Rs.200 and Time = 2.5 years
C. Sum = Rs.400 and Time = 2.5 years D. Sum = Rs.200 and Time = 5 years
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Answer : Option C
Explanation :
BD = Rs.100
TD = Rs.80
R = 10%
F = BD × TD(BD – TD)=100×80(100–80)=100×8020=Rs.400
BD = Simple Interest on the face value of the bill for unexpired time
= FTR100⇒100=400×T×10100⇒100=4×T×10⇒10=4×T⇒T=104=2.5 years
7. The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker's
discount?
A. 1240 B. 1120
C. 1190 D. 1290
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Answer : Option D
Explanation :
BG = BD – TD
A. Rs. 76 B. Rs. 72
C. Rs. 74 D. Rs. 4
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Answer : Option A
Explanation :
BG = (TD)2PW=7221296=72×721296=12×1236=123= Rs. 4
BG = BD – TD
=> 4 = BD - 72
=> BD = 72 + 4 = Rs. 76
9. The banker's discount of a certain sum of money is Rs. 36 and the true discount on the same sum for
the same time is Rs. 30. What is the sum due?
Notebook
Answer : Option A
Explanation :
10. The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
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Answer : Option A
Explanation :
11. The banker's gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the
present worth ?
Notebook
Answer : Option A
Explanation :
T = 3 years
R = 10%
TD = BG ×100TR=36×1003×10=12×10=Rs. 120
12. 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:
A. Rs. 21 B. Rs. 17
C. Rs. 18 D. Rs. 34
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Answer : Option D
Explanation :
BG = (TD)2PW=(340)23400=340×3403400=34010=Rs. 34
13. 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. What is the time?
A. 3 months B. 4 months
C. 5 months D. 6 months
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Answer : Option B
Explanation :
Bankers Discount, BD = Simple Interest on the face value of the bill for unexpired time.
True Discount, TD = Simple Interest on the present value for unexpired time.
14. The banker's gain on a certain sum due 212 years hence is 925 of the banker's discount. What is the
rate percent?
A. 1813% B. 1812%
C. 2413% D. 2212%
Notebook
Answer : Option D
Explanation :
BG = BD – TD⇒925=1 - TD⇒TD=1−925=1625
BD = Simple Interest on the face value of the bill for unexpired time
= FTR100⇒1=169×52×R100⇒100=169×52× R⇒100=16×5×R9×2⇒100=8×5×R9⇒R
= 100×98×5=100×940=5×92=452=2212%
15. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:
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Answer : Option A
Explanation :
BG = Rs. 360
T = 3 years
R = 12%
TD = BG ×100TR=360×1003×12=Rs. 1000
BG = BD – TD