MATHS

BANKER''S DISCOUNT

Question Bank

1. The banker's gain of a certain sum due 2

years hence at per annum is Rs. 80. The

present worth is -----

5%

A. 8000

B. 16000

C. 12000

D. 8800

Answer: A

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2. Miscellaneous

A. 10

B. 16

C. 20

D. 24

Answer: B

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3. The banker's gain on a certain sum due

years hence is of the banker's discount.

The rate per cent is -----

21

2

3

23

A.

B.

C.

D.

Answer: B

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5%

6%

2 %14

23

6 %2

3

4. The bankers discount on a certain sum due

2 years hence is of the true discount. The

rate percent is (a) 11% (b) 10% (c) 5% (d) 5.5%

11

10

A.

B.

C.

D.

Answer: C

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11%

10%

5%

5 %1

3

5. The present worth of a certain bill due

sometime hence is Rs 800 and the true

discount is Rs 36. The bankers discount is (a)

Rs 37 (b) Rs 37.62 (c) Rs 34.38 (d) Rs 38.98

A. Rs. 37

B. Rs.34.38

C. Rs.37.62

D. Rs.38.98

Answer: C

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6. Important formulae

A. Rs.60

B. Rs.150

C. Rs.108

D. Rs.110

Answer: C

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7. The banker's gain on a sum due 3 years

hence at is Rs. 90. The banker's discount

is -----

A. Rs. 690

B. Rs. 720

C. Rs. 810

D. Rs.150

Answer: A

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5%

8. A bill is discounted at per annum. If

banker's discount be allowed at what rate per

cent must the proceeds be invested, so that

nothing may be lost ?

A.

B.

C.

D.

Answer: C

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5%

5%

4 %19

21

5 %5

19

10%

9. The present worth of a sum due sometimes

hence is Rs. 576 and the banker's gain is Rs. 1.

The true discount is-----

A. Rs. 16

B. Rs. 18

C. Rs. 24

D. Rs. 32

Answer: C

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10. The banker's discount on a bill due 6

months hence at is Rs. 37.08 . The true

discount is -----

A. Rs.6.18

B. Rs.12.36

C. Rs.48

D. Rs.36

Answer: D

6%

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11. The banker's gain on a bill due 1 year hence

at is Rs. 1 .The true discount is-----

A. Rs.15

B. Rs.20

C. Rs.25

D. Rs.5

Answer: B

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5%

12. The banker's discount on a sum of money

for 1 1/2 years is Rs. 60 and the true discount

on the same sum for 2 years is Rs. 75 . The rate

per cent is -----

A.

B.

C.

D.

5%

6%

6 %2

3

3 %1

3

Answer: B

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13. The banker's discount on Rs.1600 at is

the same as the true discount on Rs. 1624 for

the same time and at the same rate. Then the

time is -----

A. 3 months

B. 4 months

C. 6 months

6%

D. 8 months

Answer: A

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14. The banker's discount on a bill due 1 year 8

months hence is Rs. 50 and the true discount

on the same sum at the same rate per cent is

Rs.45 .The rate per cent is -----

A. 6%

B.

C.

D.

Answer: B

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6 %2

3

6 %1

2

8 %44

59

15. The true discount on a bill of Rs. 1860 due

after 8 months is Rs. 60. Find the banker's

discount -----

A. Rs.62

B. Rs.52

C. Rs. 60

D. None of these

Answer: A

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16. Find the banker's discount on a bill of Rs.

12750 due 2 months hence and per

annum-----

3%

A. Rs.63.75

B. Rs.61.75

C. Rs.64.75

D. Rs.63.25

Answer: A

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17. The true discount on a bill of Rs.3720 due

after 4 months is Rs. 120. Find the banker's

discount -----

A. Rs. 122

B. Rs. 134

C. Rs.124

D. None of these

Answer: C

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18. The true discount on a bill of Rs. 1860 due

after 8 months is Rs. 60. Find the banker's

gain-----

A. Rs.1.5

B. Rs.2.5

C. Rs.4

D. Rs.2

Answer: D

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19. Find the banker's gain on bill of Rs.6900

due 3 years hence at per annum simple

interest -----

5%

A. Rs. 135

B. Rs.125

C. Rs.185

D. Rs.145

Answer: A

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20. Find the di�erence between the banker's

discount and the true discount on Rs. 8100 for

3 months at -----5%

A. Rs.0.125

B. Rs.1.25

C. Rs.12.5

D. None of these

Answer: B

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21. The banker's discount on a bill due 6

months hence at is Rs. 37.08 . The true

discount is -----

6%

A. Rs.38

B. Rs.32

C. Rs.36

D. None of these

Answer: C

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22. The banker's gain on a sum due 3 years

hence at is Rs. 90. The banker's discount

is -----

5%

A. Rs. 550

B. Rs.650

C. Rs. 690

D. Rs. 600

Answer: C

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23. The banker's gain on a bill due 1 year 4

months hence at per annum simple

interest is Rs.16. Find the sum -----

7 %1

2

A. Rs.1760

B. Rs.1560

C. Rs.1660

D. Rs.1860

Answer: A

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24. The banker's gain on a bill due 1 year hence

at is Rs. 1 .The true discount is-----5%

A. Rs.15

B. Rs.20

C. Rs.25

D. Rs.5

Answer: B

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25. The banker's gain on a bill due 2 years

hence at is Rs.8 , �nd the present worth

of the bill -----

5%

A. Rs. 800

B. Rs.650

C. Rs.750

D. Rs.850

Answer: A

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26. The present worth of a bill due sometime

hence is Rs 1100 and the true discount on the

bill is Rs 110. Find the bankers discount and

the bankers gain.

A. Rs.11, Rs.121

B. Rs.21, Rs.131

C. Rs.12 , Rs.122

D. None of these

Answer: A

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27. The banker discount on Rs 1650 due a

certain time hence is Rs 165. Find the true

discount and the bankers gain

A. Rs.150, Rs. 15

B. Rs.160 , Rs. 5

C. Rs.145, Rs.20

D. None of these

Answer: A

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28. The present worth of a certain bill due

sometime hence is Rs. 1600 and true discount

on the bill is Rs.160. Find the banker's discount

and the extra gain the banker would make in

the transaction -----

A. Rs.176 , Rs.18

B. Rs. 186 , Rs. 16

C. Rs.176 , Rs. 16

D. None of these

Answer: C

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29. The present worth of a sum due some

times hence is Rs.576 and the banker's gain is

Rs. 1. The true discount is -----

A. Rs.16

B. Rs.18

C. Rs. 24

D. Rs. 32

Answer: C

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30. The banker's discount and the true

discount on a sum of money due 8 months

hence are Rs. 52 and Rs. 50 respectively. Find

the sum and the rate per cent -----

A. Rs. 1300 ,

B. Rs. 1200 ,

C. Rs. 1500,

D. None of these

6%

5%

8%

Answer: A

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31. The interest on a certain sum of money is

and the discount on the same sum of

money for the same time and at the same rate

is . What is the sum?

A. Rs. 560

B. Rs. 480

C. Rs.590

Rs67.20

Rs60

D. Rs.860

Answer: A

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32. The banker's discount on Rs.1600 at is

the same as the true discount on Rs. 1624 for

the same time and at the same rate. Then the

time is -----

A. 3 months

6%

B. 4 months

C. 6 months

D. 8 months

Answer: A

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33. The banker's gain on a certain sum due 2

1/2 years hence is 2/(23) of the banker's

discount on it for the same time and at the

same rate. Find the rate per cent -----

A.

B.

C.

D.

Answer: D

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5%

4%

8%

6%

34. What rate percent does a man get for his

money when in discounting a bill due 10

months hence he deducts of the amount

of the bill ?

A.

B.

C.

D.

Answer: A

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4%

5%

6%

8%

4%

35. A bill drawn on March 8 at 7 month date

and was discounted on May 18 at , If the

banker's gain is Rs. 3 Find------

The true discount-----

A. Rs. 160

B. Rs. 152

C. Rs. 153

D. Rs.150

Answer: D

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5%

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36. A bill drawn on March 8 at 7 month date

and was discounted on May 18 at , If the

banker's gain is Rs. 3 Find------

The banker's discount and ------

A. Rs. 153

B. Rs. 151

C. Rs. 155

D. Rs. 163

5%

Answer: A

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37. A bill drawn on March 8 at 7 month date

and was discounted on May 18 at , If the

banker's gain is Rs. 3 Find------

The sum of the bill ----

A. Rs. 7650

B. Rs. 7550

C. Rs. 7850

5%

D. None of these

Answer: A

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38. The holder of a bill for Rs. 17850 nominally

due on 21st May, 1991 received Rs. 357 less

than the amount of the bill by having it

discounted at . When was it discounted ?

A. December 29, 1990

5%

B. December 30,1989

C. December 19, 1990

D. None of these

Answer: A

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39. A bill for Rs. 5656 is drawn on july 14 at 5

months. It is discounted on Oct. 5th at -----

Banker's discount

5%

A. Rs. 56.56

B. Rs.56

C. Rs.56.50

D. None of these

Answer: A

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40. A bill for Rs. 5656 is drawn on july 14 at 5

months. It is discounted on Oct. 5th at -----

True discount -----

5%

A. Rs.50

B. Rs.54.56

C. Rs.56

D. None of these

Answer: C

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41. A bill for Rs. 5656 is drawn on july 14 at 5

months. It is discounted on Oct. 5th at -----

Banker's gain and -----

5%

A. Rs. 6.56

B. Rs.1.44

C. Rs.0.56

D. None of these

Answer: C

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42. A bill for Rs. 5656 is drawn on july 14 at 5

months. It is discounted on Oct. 5th at -----

Money received by the holder of the bill -----

5%

A. Rs.5599.56

B. Rs.5599.44

C. Rs.5599

D. None of these

Answer: B

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43. A banker's paid 5767.20 for a bill of Rs.

5840, drawn on April 4 at 6 months. On what

day was the bill discounted the rate of interest

being ?

A. 3rd Aug .

B. 4th Aug.

C. 3rd Sep.

D. 3rd July.

Answer: A

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7%

44. The banker's discount on a sum of money

for 1 1/2 years is Rs. 60 and the true discount

on the same sum for 2 years is Rs. 75 . The rate

per cent is -----

A.

B.

C.

D.

Answer: D

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5%

6%

6 %2

3

3 %1

3

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45. A bill is discounted at per annum. If

banker's discount be allowed at what rate per

cent must the proceeds be invested, so that

nothing may be lost ?

A.

B.

C.

D. `10%

5%

5%

4 %19

21

5 %5

19

Answer: C

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46. The true discount on a bill of Rs. 1860 due

after 8 months is Rs. 60. Find the rate, the

banker's discount and the banker's gain.

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47. The present worth of a bill due sometime

hence is Rs 1100 and the true discount on the

bill is Rs 110. Find the bankers discount and

the bankers gain.

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48. The bankers discount and the true

discount on a sum of money due 8 months

hence are Rs 120 and Rs 110 respectively. Find

the sum and the rate percent.

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49. The banker's discount on Rs. 1800 at is

equal to the true discount on Rs. 1830 for the

same time and at the same rate. Fine the time.

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5%

50. If the true discount on a certain sum due 6

months hence at is Rs. 36, what is the

banker's discount on the same sum for the

same time and at the same rate ?

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6%

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