Bankers Discount on Arithmetic Aptitude related Questions and Answers

Question 1 : The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:
1. Rs. 960
2. Rs. 840
3. Rs. 1020
4. Rs. 760
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Question 2 : The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
1. Rs. 480
2. Rs. 520
3. Rs. 600
4. Rs. 960
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Question 3 : The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
1. Rs. 400
2. Rs. 360
3. Rs. 480
4. Rs. 320
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Question 4 : 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:
1. 3 months
2. 4 months
3. 6 months
4. 8 months
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Question 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:
1. Rs. 36
2. Rs. 72
3. Rs. 48
4. Rs. 96
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Question 6 : The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is
1. Rs. 60
2. Rs. 108
3. Rs. 110
4. Rs. 112
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Question 7 : The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is
1. Rs. 400
2. Rs. 360
3. Rs. 480
4. Rs. 320
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Question 8 : 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:
1. 3 months
2. 4 months
3. 6 months
4. 8 months
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Question 9 : The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
1. Rs. 480
2. Rs. 520
3. Rs. 600
4. Rs. 960
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Question 10 : The banker's discount on a sum of money for 3/2 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:
1. 10%
2. 13%
3. 12%
4. 15%
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