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Q:

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) 78 B) 96
C) 105 D) 85
 
Answer & Explanation Answer: B) 96

Explanation:

T.D. = P.W. x B.G. = 576 x 16 = 96.

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Filed Under: Banker's Discount

Q:

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

is:

A) 62 B) 58
C) 47 D) 50
 
Answer & Explanation Answer: D) 50

Explanation:

T.D. =(B.G. x 100)/ (R x T)= Rs. (6 x 100)/( 12 x 1) = Rs. 50.

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Filed Under: Banker's Discount

Q:

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) 15 B) 16
C) 14 D) 13
 
Answer & Explanation Answer: B) 16

Explanation:

B.G. =(T.D.)^2/P.W.

      = Rs. (160*160)/1600 = Rs. 16.

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Filed Under: Banker's Discount

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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Filed Under: Banker's Discount

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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Filed Under: Banker's Discount

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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Filed Under: Banker's Discount

Q:

What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?

A) Rs.600 B) Rs.601
C) Rs.602 D) Rs.603
 
Answer & Explanation Answer: C) Rs.602

Explanation:

PW = Amount1+R100T 

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Filed Under: True Discount
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.

A) (6 + 2/3)% B) (5+ 2/3)%
C) (2+ 2/3)% D) (4+ 2/3)%
 
Answer & Explanation Answer: A) (6 + 2/3)%

Explanation:

Sum ⇒ Amount 

A = (SI x TD)/(SI - TD)

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Filed Under: True Discount
Exam Prep: Bank Exams
Job Role: Bank PO