3
Q:

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

discount is:

A) 1315 B) 1150
C) 1020 D) 980

Answer:   C) 1020



Explanation:

T.D. =(B.G*100)/(R*T)=Rs(270*100)/(12*3) = Rs. 750.

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

Q:

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
 
Answer & Explanation Answer: 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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17 14103
Q:

The bankers discount and true discount on a sum of money due 8 months hence are Rs.120 & Rs.110 resp. Find the sum.

A) 1457 B) 1320
C) 1140 D) 1260
 
Answer & Explanation Answer: B) 1320

Explanation:

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

= (120 * 110) / (120 -110)

= 1320

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2 3180
Q:

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.

A) 4 months B) 5 months
C) 6 months D) 3 months
 
Answer & Explanation Answer: A) 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

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0 2561
Q:

If the true discount on a certain sum due 6 months hence at 15% is Rs 120.What is the bankers discount on the same for same time and the same rate.

A) Rs.109 B) Rs.119
C) Rs.129 D) Rs.139
 
Answer & Explanation Answer: C) Rs.129

Explanation:

B.G = S.I On T.D

      = Rs. (120 * 15 * 1/2 * 1/100)

      = Rs.9

B.D - T.D = Rs.9

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

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1 3539
Q:

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.

A) Rs.145 B) Rs.136
C) Rs.121 D) Rs.112
 
Answer & Explanation Answer: C) Rs.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.

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1 4045
Q:

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
 
Answer & Explanation Answer: 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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3 9561
Q:

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
 
Answer & Explanation Answer: A) 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.

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6 6552
Q:

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
 
Answer & Explanation Answer: C) 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.

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5 7425