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?

Sum = Rs. 200 and Time = 5 years

Sum = Rs. 400 and Time = 5 years

Sum = Rs. 200 and Time = 2.5 years

Sum = Rs. 400 and Time = 2.5 years

Sum = Rs. 200 and Time = 5 years

124 + Mcqs in Banker's Discount in Aptitude Page 1 McqOptions

1.	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
Answer» D. Rs. 12

Discussion

2.	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
Answer» C. Rs. 34.38

Discussion

3.	The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
A.	Rs. 36
B.	Rs. 72
C.	Rs. 48
D.	Rs. 96
Answer» E.

Discussion

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:
A.	3 months
B.	4 months
C.	6 months
D.	8 months
Answer» C. 6 months

Discussion

5.	The banker's discount on a sum of money for 1 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%
Answer» D. 15%

Discussion

6.	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
Answer» E.

Discussion

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:
A.	Rs. 20
B.	Rs. 24
C.	Rs. 16
D.	Rs. 12
Answer» D. Rs. 12

Discussion

8.	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
Answer» C. Rs. 34.38

Discussion

9.	The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
A.	Rs. 36
B.	Rs. 72
C.	Rs. 48
D.	Rs. 96
Answer» E.

Discussion

10.	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
Answer» C. 6 months

Discussion

11.	The banker's discount on a sum of money for 1 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%
Answer» D. 15%

Discussion

12.	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
Answer» E.

Discussion

13.	The banker's discount on a certain sum due 2 years later is 11/10 of the true discount. the rate percent is ?
A.	11%
B.	10%
C.	5%
D.	5
E.	/
Answer» D. 5

Discussion

14.	The true discount on Rs. 2,562 due 4 months hence is Rs. 122. The rate percent is?
A.	12
B.	13
C.	15
D.	14
Answer» D. 14

Discussion

15.	Find the present worth of Rs. 9300, due 3 years hence at 8% per annum. Also find the discount?
A.	1,860
B.	1,800
C.	1,850
D.	1,890
Answer» C. 1,850

Discussion

16.	The banker's gain on a bill due 1 year 4 months hence at 7¹/₂% per annum simple interest is Rs. 16. Find the sum ?
A.	Rs. 1760
B.	Rs. 1560
C.	Rs. 1660
D.	Rs. 1860
Answer» B. Rs. 1560

Discussion

17.	The present worth of Rs. 702 due in two equal half-yearly installments at 8% per annum calculated at simple interest is Rs.
A.	600
B.	1,500
C.	1,325
D.	1,000
Answer» D. 1,000

Discussion

18.	The banker s gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
A.	Rs. 200
B.	Rs. 100
C.	Rs. 150
D.	Rs. 250
Answer» B. Rs. 100

Discussion

19.	The banker s gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker s discount is:
A.	Rs. 1360
B.	Rs. 1000
C.	Rs. 360
D.	Rs. 640
Answer» B. Rs. 1000

Discussion

20.	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
Answer» C. 5 months

Discussion

21.	Vivek Bhatia wants to sell his scooter. Before him, there are two offers (i) at Rs. 12,000 cash and (ii) at a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum which is better offer?
A.	12,800
B.	12,000
C.	Both equal
D.	Can t say
Answer» C. Both equal

Discussion

22.	If Rs. 40 be allowed as true discount on a bill of Rs. 440 at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is Rs. ?
A.	72.80
B.	73.32
C.	72.00
D.	73.20
Answer» D. 73.20

Discussion

23.	A bill, drawn on 23rd Jun 2017 falls due in 1 year. The creditor agrees to accept immediate payment of the half and to defer the payment of the other half payable on 22^nd Jun 2019. By this arrangement interest charged is Rs. 60. What is the amount (Rs.) of the bill, if the money be worth 12.5%?
A.	1,800
B.	4,500
C.	5,400
D.	1,950
Answer» D. 1,950

Discussion

24.	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
Answer» D. Sum = Rs. 200 and Time = 5 years

Discussion

25.	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
Answer» E.

Discussion

26.	The banker s discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?
A.	8%
B.	12%
C.	10%
D.	6%
Answer» E.

Discussion

27.	The profit earned by Mrs Malhotra in selling an article for Rs. 900 is double the loss incurred by her when the same article is sold for Rs. 490. At what price (Rs.) should the article be sold to make 25% profit?
A.	715
B.	469
C.	400
D.	750
Answer» E.

Discussion

28.	Mr Jaspal purchased a cow for Rs. 3,000 and sold it to Mr Dharampal, on the same day, for Rs. 3,600, allowing Dharampal a credit of 2 years. If the rate of interest be 10% per annum, then the Jaspal has a gain of:
A.	Nil
B.	5%
C.	750
D.	10%
Answer» B. 5%

Discussion

29.	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%
Answer» C. 10%

Discussion

30.	What is the banker s discount if the true discount on a bill of Rs. 540 is Rs. 90?
A.	Rs. 108
B.	Rs. 120
C.	Rs. 102
D.	Rs. 106
Answer» B. Rs. 120

Discussion

31.	The present worth of a certain bill due sometime hence is Rs. 1296 and the true discount is Rs. 72. What is the banker s discount?
A.	Rs. 76
B.	Rs. 72
C.	Rs. 74
D.	Rs. 4
Answer» B. Rs. 72

Discussion

32.	The banker s gain of a certain sum due 3 years hence at 10 % per annum is Rs. 36. What is the present worth (PW)?
A.	Rs. 400
B.	Rs. 300
C.	Rs. 500
D.	Rs. 350
Answer» B. Rs. 300

Discussion

33.	The banker s gain on a certain sum due 2.5 years hence is 9/25 times of the banker s discount. What is the rate percent?
A.	18.13%
B.	18.12%
C.	24.13%
D.	22.22%
Answer» E.

Discussion

34.	A bill is discounted at 10 % per annum. If banker s discount is allowed, at what rate % should the proceeds be invested so that nothing will be lost?
A.	10 %
B.	11 %
Answer» C.

Discussion

35.	Shankara buys a watch for Rs. 1,950 in cash and sells it for Rs. 2,200 at a credit of 1 year. If the rate of interest is 10% per annum, he _____ :
A.	gains Rs. 55
B.	gains Rs. 50
C.	loses Rs. 30
D.	gains Rs. 30
Answer» C. loses Rs. 30

Discussion

36.	A bill for Rs. 3000 is drawn on 14^th July at 5 months. It is discounted on 5^th October at 10 %. What is the Banker s Discount BD?
A.	Rs. 60
B.	Rs. 82
C.	Rs. 90
D.	Rs. 120
Answer» B. Rs. 82

Discussion

37.	The present worth (PW) of a sum due sometimes hence is Rs. 5760 and the banker s gain is Rs. 10. What is the true discount?
A.	Rs. 480
B.	Rs. 420
C.	Rs. 120
D.	Rs. 240
Answer» E.

Discussion

38.	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?
A.	Rs. 180
B.	Rs. 120
C.	Rs. 220
D.	Rs. 200
Answer» B. Rs. 120

Discussion

39.	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
Answer» E.

Discussion

40.	The true discount on a bill for Rs. 2520 due 6 months hence at 10 % per annum is :
A.	Rs. 180
B.	Rs. 140
C.	Rs. 80
D.	Rs. 120
Answer» E.

Discussion

41.	The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker s discount?
A.	Rs. 432
B.	Rs. 422
C.	Rs. 412
D.	Rs. 442
Answer» B. Rs. 422

Discussion

42.	The banker s gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. What is the present worth?
A.	Rs. 600
B.	Rs. 500
C.	Rs. 400
D.	Rs. 300
Answer» B. Rs. 500

Discussion

43.	What is the present worth of a bill of Rs. 1764 due 2 years hence at 5% compound interest is:
A.	Rs. 1600
B.	Rs. 1200
C.	Rs. 1800
D.	Rs. 1400
Answer» B. Rs. 1200

Discussion

44.	The banker's gain on a certain sum due 2¹/₂ years hence is 2/23 of the banker's discount on it for the same time and at the same rate. Find the rate percent ?
A.	5%
B.	4%
C.	8%
D.	6%
Answer» E.

Discussion

45.	The true discount on a certain sum due 6 months hence at 15 % is Rs. 240. What is the banker s discount on the same sum for the same time at the same rate?
A.	Rs. 248
B.	Rs. 278
C.	Rs. 228
D.	Rs. 258
Answer» E.

Discussion

46.	The banker s discount on a bill due 4 months hence at 15 % is Rs. 420. What is the true discount?
A.	Rs. 410
B.	Rs. 400
C.	Rs. 390
D.	Rs. 380
Answer» C. Rs. 390

Discussion

47.	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
Answer» C. Rs. 34.38

Discussion

48.	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:
A.	Rs. 360
B.	Rs. 432
C.	Rs. 540
D.	Rs. 1080
Answer» B. Rs. 432

Discussion

49.	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
Answer» D. Rs. 12

Discussion

50.	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
Answer» E.

Discussion

Explore topic-wise MCQs in Aptitude.

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:

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:

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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:

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

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

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

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:

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

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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Find the present worth of Rs. 9300, due 3 years hence at 8% per annum. Also find the discount?

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The present worth of Rs. 702 due in two equal half-yearly installments at 8% per annum calculated at simple interest is Rs.

The banker s gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?

The banker s gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker s discount is:

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?

Vivek Bhatia wants to sell his scooter. Before him, there are two offers (i) at Rs. 12,000 cash and (ii) at a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum which is better offer?

If Rs. 40 be allowed as true discount on a bill of Rs. 440 at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is Rs. ?

A bill, drawn on 23rd Jun 2017 falls due in 1 year. The creditor agrees to accept immediate payment of the half and to defer the payment of the other half payable on 22nd Jun 2019. By this arrangement interest charged is Rs. 60. What is the amount (Rs.) of the bill, if the money be worth 12.5%?

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?

The banker s gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker s discount?

The banker s discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?

The profit earned by Mrs Malhotra in selling an article for Rs. 900 is double the loss incurred by her when the same article is sold for Rs. 490. At what price (Rs.) should the article be sold to make 25% profit?

Mr Jaspal purchased a cow for Rs. 3,000 and sold it to Mr Dharampal, on the same day, for Rs. 3,600, allowing Dharampal a credit of 2 years. If the rate of interest be 10% per annum, then the Jaspal has a gain of:

The banker s discount on a certain amount due 2 years hence is 11/10 of the true discount. What is the rate percent?

What is the banker s discount if the true discount on a bill of Rs. 540 is Rs. 90?

The present worth of a certain bill due sometime hence is Rs. 1296 and the true discount is Rs. 72. What is the banker s discount?

The banker s gain of a certain sum due 3 years hence at 10 % per annum is Rs. 36. What is the present worth (PW)?

The banker s gain on a certain sum due 2.5 years hence is 9/25 times of the banker s discount. What is the rate percent?

A bill is discounted at 10 % per annum. If banker s discount is allowed, at what rate % should the proceeds be invested so that nothing will be lost?

Shankara buys a watch for Rs. 1,950 in cash and sells it for Rs. 2,200 at a credit of 1 year. If the rate of interest is 10% per annum, he _____ :

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 BD?

The present worth (PW) of a sum due sometimes hence is Rs. 5760 and the banker s gain is Rs. 10. What is the true discount?

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?

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:

The true discount on a bill for Rs. 2520 due 6 months hence at 10 % per annum is :

The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker s discount?

The banker s gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. What is the present worth?

What is the present worth of a bill of Rs. 1764 due 2 years hence at 5% compound interest is:

The banker's gain on a certain sum due 21/2 years hence is 2/23 of the banker's discount on it for the same time and at the same rate. Find the rate percent ?

The true discount on a certain sum due 6 months hence at 15 % is Rs. 240. What is the banker s discount on the same sum for the same time at the same rate?

The banker s discount on a bill due 4 months hence at 15 % is Rs. 420. What is the true discount?

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:

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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:

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

The banker's gain on a bill due 1 year 4 months hence at 7¹/₂% per annum simple interest is Rs. 16. Find the sum ?

A bill, drawn on 23rd Jun 2017 falls due in 1 year. The creditor agrees to accept immediate payment of the half and to defer the payment of the other half payable on 22^nd Jun 2019. By this arrangement interest charged is Rs. 60. What is the amount (Rs.) of the bill, if the money be worth 12.5%?

A bill for Rs. 3000 is drawn on 14^th July at 5 months. It is discounted on 5^th October at 10 %. What is the Banker s Discount BD?

The banker's gain on a certain sum due 2¹/₂ years hence is 2/23 of the banker's discount on it for the same time and at the same rate. Find the rate percent ?