# 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
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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