Aptitude  Bankers Discount  Practice Q&A

1. The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The bankers discount is:

Rs. 37 Rs. 37.62 Rs. 34.38 Rs. 38.98

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2. The bankers 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?

Rs. 180 Rs. 120 Rs. 220 Rs. 200

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3. 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?

Sum = Rs.400 and Time = 5 years Sum = Rs.200 and Time = 2.5 years Sum = Rs.400 and Time = 2.5 years Sum = Rs.200 and Time = 5 years

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4. A banker paid Rs.5767.20 for a bill of Rs.5840, drawn of Apr 4 at 6 months. If the rate of interest was 7%, what was the day on which the bill was discounted?

3rd March 3rd September 3rd October 3rd August

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5. The bankers discount on a certain sum due 2 years hence is $\dfrac{11}{10}$ of the true discount.The rate percent is:

11% 10% 5% 5.5%

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6. The bankers 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. The time is:

3 months 4 months 6 months 8 months

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7. A bill for Rs. 3000 is drawn on 14th July at 5 months. It is discounted on 5th October at 10%. What is the Bankers Discount?

Rs. 60 Rs. 82 Rs. 90 Rs. 120

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8. The true discount on a bill of Rs. 540 is Rs. 90. The bankers discount is:

Rs. 60 Rs. 108 Rs. 110 Rs. 112

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9. The bankers discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:

Rs. 360 Rs. 432 Rs. 540 Rs. 1080

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10. The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The bankers gain is:

Rs. 21 Rs. 17 Rs. 18 Rs. 34

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