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

A) 400 | B) 800 |

C) 500 | D) 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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Subject: Banker's Discount - Quantitative Aptitude - Arithmetic Ability

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

A) 15 | B) 20 |

C) 18 | D) 13 |

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.

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Subject: Banker's Discount - Quantitative Aptitude - Arithmetic Ability

The banker's 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.

A) 7 months | B) 6 months |

C) 3 months | D) 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 x 72)/ (12x1800)]year

=1/3year = 4 months.

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Subject: Banker's Discount - Quantitative Aptitude - Arithmetic Ability

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) 290 | B) 480 |

C) 360 | D) 420 |

Explanation:

Sum =(B.D. x T.D.)/(B.D. - T.D.)

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

= Rs. (72 x 60) /12

= Rs. 360.

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Subject: Banker's Discount - Quantitative Aptitude - Arithmetic Ability

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.

A) 4390 | B) 6580 |

C) 5880 | D) 5350 |

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.

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Subject: Banker's Discount - Quantitative Aptitude - Arithmetic Ability