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Banker's Discount
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Banker's Discount
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25 Questions

1. bill for Rs. 3000 is drawn on 14th July at 5 months. It is discounted on 5th October at 10%. What is the Banker’s Discount?"
2. The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. What is the true dicount?
3. If the discount on Rs. 498 at 5% simple interest is Rs. 18, when is the sum due?
4. A bill, drawn on 23rd Jun 2017 falls due in 1 year. The creditor agrees to accept immediate payment of the half and to defer the payment of the other half payable on 22nd Jun 2019. By this arrangement interest charged is Rs. 60. What is the amount (Rs.) of the bill, if the money be worth 12.5%?
5. What is the difference between the banker’s discount and the true discount on Rs. 8100 for 3 months at 5%?
6. Anand has to pay Rs. 220 to Babita after 1 year. Babita asks Anand to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years to which Anand agrees. If the rate of interest be 10% per annum in this mode of payment, then Anand stands to a:
7. 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.
8. 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?
9. The banker’s discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. What is the time?
10. The present worth of Rs. 2,310, which is due 2 years hence, the rate of interest being 15% per annum, is Rs.:
11. The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?
12. The true discount on a bill due 9 months hence at 12% per annum is Rs. 135. Find the amount of the bill and its present worth.
13. What is the banker’s discount if the true discount on a bill of Rs. 540 is Rs. 90?
14. The banker’s discount on a certain amount due 2 years hence is 1110 of the true discount. What is the rate percent?
15. If Rs. 20 is the True Discount on Rs. 260 due after a certain time. What will be true discount on the same sum due after half of the former time, the rate of interest being the same?
16. The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker’s gain is:
17. 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.).
18. The present worth of Rs. 702 due in two equal half-yearly installments at 8% per annum calculated at simple interest is Rs.
19. The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker’s discount is:
20. The true discount on Rs. 2,562 due 4 months hence is Rs. 122. The rate percent is?
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. Mr Jaspal purchased a cow for Rs. 3,000 and sold it to Mr Dharampal, on the same day, for Rs. 3,600, allowing Dharampal a credit of 2 years. If the rate of interest be 10% per annum, then the Jaspal has a gain of:
23. Harkaran buys a watch for Rs. 1,950 in cash and sells it for Rs. 2,200 at a credit of 1 year. If the rate of interest is 10% per annum, he _____:
24. 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?
25. 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 %.

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