Bankers Discount - Aptitude MCQ Questions and Solutions with Explanations Page-4 section-1

31.
A bill is discounted at 10% per annum. If banker's discount is allowed, at what rate percent should the proceeds be invested so that nothing will be lost?

A. $$10\frac{1}{9}\,\% $$

B. $$11\frac{1}{9}\,\% $$

C. $$11\,\% $$

D. $$10\frac{2}{9}\,\% $$

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32.
If the discount on Rs. 498 at 5% simple interest is Rs.18, when is the sum due?

A. 8 months

B. 11 months

C. 10 months

D. 9 months

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33.
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

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34.
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

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35.
The Banker Gain on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?

A. Rs. 4500

B. Rs. 6000

C. Rs. 5000

D. Rs. 4000

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36.
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 per cent?

A. 8%

B. 12%

C. 10%

D. 6%

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37.
The present worth of a sum due sometimes hence is Rs.5760 and the baker's gain is Rs.10. What is the true discount?

A. Rs. 480

B. Rs. 420

C. Rs. 120

D. Rs. 240

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38.
The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?

A. Rs. 24

B. Rs. 12

C. Rs. 36

D. Rs. 18

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39.
The banker's discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively. Find the rate percent.

A. $$\frac{{120}}{{11}}\,\% $$

B. $$\frac{{130}}{{11}}\,\% $$

C. $$\frac{{140}}{{11}}\,\% $$

D. $$\frac{{150}}{{11}}\,\% $$

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40.
The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?

A. Rs. 19

B. Rs. 22

C. Rs. 20

D. Rs. 21

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Bankers Discount - Aptitude MCQ Questions and Solutions with Explanations

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

Answer & Solution

32. If the discount on Rs. 498 at 5% simple interest is Rs.18, when is the sum due?

Answer & Solution

33. 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?

Answer & Solution

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

Answer & Solution

35. The Banker Gain on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?

Answer & Solution

36. 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 per cent?

Answer & Solution

37. The present worth of a sum due sometimes hence is Rs.5760 and the baker's gain is Rs.10. What is the true discount?

Answer & Solution

38. The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?

Answer & Solution

39. The banker's discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively. Find the rate percent.

Answer & Solution

40. The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?

Answer & Solution

31.
A bill is discounted at 10% per annum. If banker's discount is allowed, at what rate percent should the proceeds be invested so that nothing will be lost?

32.
If the discount on Rs. 498 at 5% simple interest is Rs.18, when is the sum due?

33.
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?

34.
The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:

35.
The Banker Gain on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?

36.
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 per cent?

37.
The present worth of a sum due sometimes hence is Rs.5760 and the baker's gain is Rs.10. What is the true discount?

38.
The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?

39.
The banker's discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively. Find the rate percent.

40.
The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?