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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

Q16. **The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:**

  1.  Rs. 400
  2.  Rs. 360
  3.  Rs. 480
  4.  Rs. 320

Solution : Rs. 400
Q17. **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. The time is:**

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

Solution : 4 months
Q18. **The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:**

  1.  Rs. 480
  2.  Rs. 520
  3.  Rs. 600
  4.  Rs. 900

Solution : Rs. 600
Q19. **The banker's discount on a sum of money for 3/2 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:**

  1.  10%
  2.  13%
  3.  12%
  4.  15%

Solution : 12%

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Q20. **The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:**

  1.  Rs. 960
  2.  Rs. 840
  3.  Rs. 1020
  4.  Rs. 760

Solution : Rs. 1020
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