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Banker’s Discount questions and answers
1. The banker’s discount on a bill due 4 months hence at 15% is ₹420.What is the true discount?
(A) ₹380
(B) ₹410
(C) ₹390
(D) ₹400
2. The banker’s discount on a certain amount due 2 years hence is 1110 of the true discounts. What is the rate percent?
(A) 1%
(B) 12%
(C) 5%
(D) 10%
3. The present worth of a sum due sometime hence is ₹5760 and the banker’s gain is ₹10. What is the true discount?
(A) ₹120
(B) ₹240
(C) ₹480
(D) ₹420
4. What is the banker’s discount if the true discount on a bill of ₹540 is ₹90?
(A) ₹120
(B) ₹108
(C) ₹106
(D) ₹102
5. A bill for ₹3000 is drawn on 14th July at 5 Three grace days are provided for the legally due date. If the bill is discounted on 5th October at 10%, what is the banker’s discount?
(A) ₹82
(B) ₹60
(C) ₹90
(D) ₹120
Banker’s discount mock test
6. Banker’s discount and true discount of a sum at 10% per annum for the same time are ₹100 and ₹80 What is the sum and the time respectively?
(A) ₹200, 2.5 years
(B) ₹200, 5 years
(C) ₹400, 2.5 years
(D) ₹400, 5 years
7. The banker’s gain on a sum due 6 years hence at 12% per annum is ₹540. What is the banker’s discount?
(A) ₹1120
(B) ₹1240
(C) ₹1190
(D) ₹1290
8. The present worth of a certain bill due sometime hence is ₹1296 and the true discount is ₹72. What is the banker’s discount?
(A) ₹76
(B) ₹74
(C) ₹72
(D) ₹4
9. The banker’s discount of a certain sum of money is ₹36 and the true discount on the same sum for the same time is ₹30. What is the sum due?
(A) ₹200
(B) ₹120
(C) ₹220
(D) ₹180
10. The banker’s gain on a bill due 1 year hence at 10% per annum is ₹20. What is the true discount?
(A) ₹250
(B) ₹150
(C) ₹200
(D) ₹100
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