Banker’s Discount – Questions and Answers – Quiz 2

1. The banker’s discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:
Rs. 360
Rs. 432
Rs. 540
Rs. 1080

2. The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker’s gain is:
Rs. 20
Rs. 24
Rs. 16
Rs. 12

3. The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker’s discount is:
Rs. 37
Rs. 37.62
Rs. 34.38
Rs. 38.98

4. The banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
Rs. 72
Rs. 36
Rs. 54
Rs. 50

Score =
Correct answers:

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