Aptitude Quiz - Bankers Discount 1

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1. 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






2. The banker's discount on a sum of money for 1 1/2 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

A. 10%
B. 13%
C. 12%
D. 15%




3. 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:

A. Rs. 20
B. Rs. 24
C. Rs. 16
D. Rs. 12




4. The banker's discount on a certain sum due 2 years hence is 11/10 of the true discount.
The rate percent is:

A. 11%
B. 10%
C. 5%
D. 5.5%




5. 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




6. 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



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