Home » Banker’s Discount – Questions and Answers – Quiz 3

Banker’s Discount – Questions and Answers – Quiz 3

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1. The banker’s gain on a certain sum due 1(1/2) years hence is 3/25 of the banker’s discount. The rate percent is:

5(1/5)%
9(1/11)%
8(1/8)%
6(1/6)%

2. The present worth of a sum due sometime hence is Rs. 576 and the banker’s gain is Rs. 16. The true discount is:

Rs. 36
Rs. 72
Rs. 48
Rs. 96

3. The true discount on a bill of Rs. 540 is Rs. 90. The banker’s discount is:

Rs. 60
Rs. 108
Rs. 110
Rs. 112

4. The banker’s discount on a certain sum due 2 years hence is 11/10 of the true discount. The rate percent is:

11%
10%
5%
5.5%

Score =
Correct answers:

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