Banker's Discount

1. The banker's gain of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time and at the same rate is Rs. 30. The sum is ?
1. Rs. 1080
2. Rs. 180
3. Rs. 500
4. Rs. 300
1. Sum = (B.D. x T.D.) / (B.D. - T.D.)

Correct Option: B

Sum = (B.D. x T.D.) / (B.D. - T.D.) = Rs. (36 x 30) / 6
= Rs. 180

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1. The present worth of a sum due some times hence is Rs. 576 and the banker's gain is Re. 1. The true discount is ?
1. Rs. 16
2. Rs. 18
3. Rs. 24
4. Rs. 32
1. T.D. √(P.W. x B.G. )

Correct Option: C

T.D. √(P.W. x B.G. )
= √(576 x 1) = Rs. 24

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1. The banker's gain on a certain sum due 21/2 years hence is 2/23 of the banker's discount on it for the same time and at the same rate. Find the rate percent ?
1. 5%
2. 4%
3. 8%
4. 6%
1. Rate percent = 100 x 2/5/ [ 3/(23 - 3)]

Correct Option: D

Rate percent = 100 x 2/5/ [ 3/(23 - 3)] = 6%

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1. The present worth of a sum due sometimes hence is Rs. 576 and the banker's gain is Re. 1. The true discount is ?
1. Rs. 16
2. Rs. 18
3. Rs. 24
4. Rs. 32
1. T.D. = √(P.W.) X {(B.G.)

Correct Option: C

T.D. = √(P.W.) X {(B.G.)
= √(576 x 1) = Rs. 24

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1. The banker's gain on a bill due 1 year hence at 5% is Re. 1. The true discount is ?
1. ₹ 15
2. ₹ 20
3. ₹ 25
4. ₹ 5
1. T.D. = (B.G x 100) / (R x T)

Correct Option: B

T.D. = (B.G x 100) / (R x T)
= (1 x 100) / (5 x 1)
= ₹ 20

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