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Banker's Discounts

Banker's Discount and True Discount: What is Banker's Discount? Banker's Discount formula for aptitude questions

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Online Aptitude Questions with Answers on Banker's Discounts

Q6. **Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:**

  1.  50/3%
  2.  29/2%
  3.  40/3%
  4.  15%

Solution : 50/3%
Q7. **The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:**

  1.  Rs. 1386
  2.  Rs. 1764
  3.  Rs. 1575
  4.  Rs. 2268

Solution : Rs. 1764

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Q8. **A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:**

  1.  gains Rs. 55
  2.  gains Rs. 50
  3.  loses Rs. 30
  4.  gains Rs. 30

Solution : gains Rs. 50
Q9. **The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:**

  1.  6 months
  2.  8 months
  3.  9 months
  4.  10 months

Solution : 10 months

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Q10. **The present worth of Rs. 2310 due 2.5 years hence, the rate of interest being 15% per annum, is:**

  1.  Rs. 1750
  2.  Rs. 1680
  3.  Rs. 1840
  4.  Rs. 1443.75

Solution : Rs. 1680
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