Bankers Discount Questions and Answers updated daily – Aptitude



15 Bankers Discount Questions and answers section with explanation for various online exam preparation, various interviews, Aptitude Bankers Discount online test. Bankers Discount Questions with detailed description, explanation will help you to master the topic.

Bankers Discount Questions

1.
The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:



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Correct Ans:1020
Explanation:
T.D. =(B.G*100)/(R*T)=Rs(270*100)/(12*3) = Rs. 750.

B.D. = Rs.(750 + 270) = Rs. 1020.


2. 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?



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Correct Ans:129
Explanation:
B.G. = S.I. on T.D.

= Rs.(120 x 15 x 1/2 x 1/100)

= Rs. 9.

(B.D.) - (T.D.) = Rs. 9.


B.D. = Rs. (120 + 9) = Rs. 129.


3. The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:



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Correct Ans:50
Explanation:
T.D. = B.G. x 100 / R x T = Rs.6 x 100 / 12 x 1= Rs. 50.



4. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:



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Correct Ans:108
Explanation:
P.W. = Rs. (540 - 90) = Rs. 450.

S.I. on Rs. 450 = Rs. 90.

S.I. on Rs. 540 = Rs.90 x 540 / 450= Rs. 108.

B.D. = Rs. 108.


5. The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:



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Correct Ans:96
Explanation:
T.D. = Take root for P.W. x B.G. = 576 x 16 = 96.


6. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is



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Correct Ans:400
Explanation:
T.D = B.D X 100 / 100 + (R X T)
= 420 X 100 / 105
= 400


7.
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:



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Correct Ans:16
Explanation:
B.G. =(T.D.)^2/P.W.

= Rs. (160*160)/1600 = Rs. 16.


8.
The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:



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Correct Ans:360
Explanation:
Sum =(B.D. x T.D.)/(B.D. - T.D.)

= Rs. (72 x 60) / (72 - 60)

= Rs. (72 x 60) /12

= Rs. 360.


9.
The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:



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Correct Ans:50
Explanation:
T.D. =(B.G. x 100)/ (R x T)= Rs. (6 x 100) / ( 12 x 1) = Rs. 50.


10. 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.



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Correct Ans:4 months
Explanation:
S.I on Rs 1800 = T.D on Rs 1872

P.W of Rs 1872 is Rs 1800

Rs 72 is S.I on Rs 1800 at 12%

Time = (100 * 72)/(12 * 1800)

= 1/3 years = 4 months


11. 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.



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Correct Ans:121
Explanation:
T.D. =Ö(P.W.*B.G)

B.G. =(T.D.)2/ P.W.

= Rs.[(110x110)/ 1100]

= Rs. 11.


B.D.= (T.D. + B.G.) = Rs. (110 + 11) = Rs. 121.


12.
The banker's discount on a certain sum due 2 years hence is11/10of the true discount. The rate percent is:



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Correct Ans:5%
Explanation:
Let T.D. be Re. 1.

Then, B.D. = Rs.11/10= Rs. 1.10.

Sum = Rs. (1.10*1)/(1.10-1) = Rs. (110/10)= Rs. 11.

S.I. on Rs. 11 for 2 years is Rs. 1.10

Rate = [(100 x 1.10)/(11 x 2 )]% = 5%.


13. 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.



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Correct Ans:5880
Explanation:
Face value of the bill = Rs. 6000.

Date on which the bill was drawn = July 14 at 5 months. Nominally due date = December 14.

Legally due date = December 17.

Date on which the bill was discounted = October 5.

Unexpired time : Oct. Nov. Dec.

26 + 30 + 17 = 73 days =1/ 5Years


B.D. = S.I. on Rs. 6000 for 1/5 year

= Rs. (6000 x 10 x1/5 x1/100)= Rs. 120.

T.D. = Rs.[(6000 x 10 x1/5)/(100+(10*1/5))]

=Rs.(12000/102)=Rs. 117.64.

B.G. = (B.D.) - (T.D.) = Rs. (120 - 117.64) = Rs. 2.36.

Money received by the holder of the bill = Rs. (6000 - 120) = Rs. 5880.


14. The banker's discount on Rs. 1650 due a certain time hence is Rs. 165. Find the true discount and the banker's gain.



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Correct Ans:15
Explanation:
Sum = [(B.D.xT.D.)/ (B.D.-T.D.)]

= [(B.D.xT.D.)/B.G.]

T.D./B.G. = Sum/ B.D.

=1650/165

=10

Thus, if B.G. is Re 1, T.D. = Rs. 10.

If B.D.is Rs. ll, T.D.=Rs. 10.

If B.D. is Rs. 165, T.D. = Rs. [(10/11)xl65]

=Rs.150

And, B.G. = Rs. (165 - 150) = Rs, 15.


15. The bankers gain of a certain sum due 2 years hence at 10% per annum is Rs 24 .The percent worth is



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Correct Ans:600
Explanation:
T.D = (B.G * 100) / (Rate * Time)

(24*100) / (10 * 2)

= 120.


P.W = (100 *T.D) / (Rate * Time)

= (100 * 120) /(10 * 2)

= 600



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