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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

Q1. **A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:**

  1.  0%
  2.  5%
  3.  7.5%
  4.  10%

Solution : 0%
Q2. **The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:**

  1.  12%
  2.  40/3%
  3.  14%
  4.  15%

Solution : 15%
Q3. **A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?**

  1.  Rs. 9025.20
  2.  Rs. 9200
  3.  Rs. 9600
  4.  Rs. 9560

Solution : Rs. 9200
Q4. **A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?**

  1.  Rs. 12,000 in cash
  2.  Rs. 12,880 at credit
  3.  Both are equally good

Solution : Rs. 12,000 in cash

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Q5. **If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is:**

  1.  Rs. 20
  2.  Rs. 21.81
  3.  Rs. 22
  4.  Rs. 18.33

Solution : Rs. 18.33
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