Banker's Discount
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Banker's Discount
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25 Questions

1. The difference between Simple Interest and True Discount on a certain sum of money, paid by Mr Manohar, for 6 months at 12 % per annum is Rs. 25. Find the sum (Rs.).
2. The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. What is the true dicount?
3. 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?
4. The true discount on a certain sum of money due after 3 year is Rs. 1,000 and the\simple interest is Rs. 1,200 when Sum, Rate and Time are unchanged. Find the rate percent.
5. 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?
6. What is the difference between the banker’s discount and the true discount on Rs. 8100 for 3 months at 5%?
7. The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?
8. The true discount on Rs. 2,562 due 4 months hence is Rs. 122. The rate percent is?
9. The banker’s gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth?
10. If Rs. 40 be allowed as true discount on a bill of Rs. 440 at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is Rs.?
11. 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?
12. The true discount on a bill for Rs. 2520 due 6 months hence at 10% per annum is:
13. The profit earned by Mrs Malhotra in selling an article for Rs. 900 is double the loss incurred by her when the same article is sold for Rs. 490. At what price (Rs.) should the article be sold to make 25% profit?
14. The banker’s gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
15. The true-discount charged by Mr Brahmputra on Rs. 2,480 - due after a certain period at 5% - is Rs. 80. Find the due period in months?
16. The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker’s discount is:
17. Which is a better offer out of (i) a cash payment now of Rs. 81,000 or (ii) a credit of Rs. 82,500 after 6 months when the rate of interest is simple at 6.5% p.a.
18. The present worth of a sum due sometimes hence is Rs. 5760 and the banker’s gain is Rs. 10. What is the true discount?
19. The banker’s discount on a certain amount due 2 years hence is 1110 of the true discount. What is the rate percent?
20. What is the true discount on a bill of Rs. 2,916 due in 3 years hence at 8% compound rate of interest?
21. The bankers discount and the true discount of a sum at 10% per annum simple interest for the same time are Rs. 100 and Rs. 80 respectively. What is the sum and the time?
22. In what time a debt of Rs. 7,920 due may be cleared by immediate cash down payment of Rs. 3,600 at % per month.
23. 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 percent?
24. The interest on Rs. 7,500 for 2 years is the same as the True Discount on Rs. 9,600 due 2 years hence. If the rate of interest is same in both cases, then the rate being charged is %.
25. The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is Rs.

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