Banker's Discount
1. The banker's discount on a bill due 6 months hence at 8% per annum is ₹48. What is the true discount?
A. ₹40
B. ₹44
C. ₹46.15
D. ₹50
C. ₹46.15
2. If the banker's discount on a bill is ₹120 and the true discount is ₹100, what is the face value of the bill?
A. ₹500
B. ₹600
C. ₹800
D. ₹1,000
B. ₹600
3. The banker's discount on ₹1,000 at 5% per annum is ₹50. What is the time period?
A. 6 months
B. 1 year
C. 1.5 years
D. 2 years
B. 1 year
4. The banker's discount on ₹800 due 9 months hence is ₹48. What is the rate percent per annum?
A. 6%
B. 8%
C. 10%
D. 12%
B. 8%
5. The banker's gain on a bill is ₹9 and the true discount is ₹90. What is the face value?
A. ₹810
B. ₹900
C. ₹909
D. ₹990
D. ₹990
6. The difference between banker's discount and true discount on ₹1,200 for 8 months is ₹8. What is the rate percent per annum?
A. 5%
B. 8%
C. 10%
D. 12%
C. 10%
7. The present worth of a bill due 6 months hence at 10% per annum is ₹1,800. What is the banker's discount?
A. ₹90
B. ₹100
C. ₹180
D. ₹200
A. ₹90
8. The true discount on a bill is ₹60 and the banker's discount is ₹72. What is the face value?
A. ₹300
B. ₹360
C. ₹600
D. ₹720
B. ₹360
9. The banker's discount on a bill is ₹160 and the true discount is ₹150. What is the banker's gain?
A. ₹10
B. ₹15
C. ₹20
D. ₹25
A. ₹10
10. The banker's discount on ₹600 at 6% per annum is equal to the true discount on ₹618 for the same time and rate. What is the time?
A. 3 months
B. 6 months
C. 9 months
D. 1 year
B. 6 months
11. The banker's discount on a bill is ₹128 and the rate is 8% per annum. If the time is 8 months, what is the face value?
A. ₹1,920
B. ₹2,000
C. ₹2,400
D. ₹2,560
C. ₹2,400
12. The banker's discount on ₹1,000 at 10% per annum for 6 months is ₹50. What is the true discount?
A. ₹40
B. ₹45.45
C. ₹47.62
D. ₹50
C. ₹47.62
13. The banker's gain on a bill is ₹25 and the true discount is ₹125. What is the face value?
A. ₹500
B. ₹625
C. ₹650
D. ₹750
C. ₹650
14. The banker's discount on ₹500 is ₹25 for 5 months. What is the rate percent per annum?
A. 8%
B. 10%
C. 12%
D. 15%
C. 12%
15. The true discount on a bill is ₹80 and the rate is 8% per annum. What is the present worth?
A. ₹1,000
B. ₹1,080
C. ₹1,200
D. ₹1,600
A. ₹1,000
16. The difference between banker's discount and true discount on ₹1,500 for 4 months is ₹5. What is the rate percent per annum?
A. 5%
B. 8%
C. 10%
D. 12%
C. 10%
17. The banker's discount is ₹72 and the true discount is ₹60. What is the time if the rate is 10% per annum?
A. 6 months
B. 1 year
C. 1.5 years
D. 2 years
D. 2 years
18. The present worth of a bill is ₹1,200 and the banker's discount is ₹60. What is the face value?
A. ₹1,260
B. ₹1,280
C. ₹1,300
D. ₹1,320
A. ₹1,260
19. The banker's gain on a bill due 1 year hence at 10% per annum is ₹10. What is the true discount?
A. ₹90
B. ₹100
C. ₹110
D. ₹120
B. ₹100
20. The banker's discount on a bill due 1 year hence at 12% per annum is ₹120. What is the true discount, banker's gain, and face value?
A. TD=₹107.14, BG=₹12.86, FV=₹1,000
B. TD=₹100, BG=₹20, FV=₹1,200
C. TD=₹110, BG=₹10, FV=₹1,100
D. TD=₹105, BG=₹15, FV=₹1,050
A. TD=₹107.14, BG=₹12.86, FV=₹1,000