Banker's Discount
- The banker's gain on a bill due 2 years hence at 5% is Rs. 8, find the present worth of the bill ?
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P.W. = [8 x 100 x 100] / [10 x 10]
Correct Option: A
P.W. = [8 x 100 x 100] / [10 x 10]
= Rs. 800
- Find the banker's discount on a bill due 3 years hence at 5% being given that the banker's gain is Rs. 90 ?
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T.D. = (90 x 100) / (3 x 5) = Rs. 600
∴ Banker's discount = True discount + Banker's gainCorrect Option: C
T.D. = (90 x 100) / (3 x 5) = Rs. 600
∴ Banker's discount = True discount + Banker's gain
= Rs. 600 + Rs. 90
= Rs. 690
- The banker's gain on a bill due 1 year hence at 5% is Re. 1. The true discount is ?
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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
- 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 ?
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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
- If the banker's discount and banker's gain on a certain bill, are ₹ 196 and ₹ 28, respectively. Find the amount of bill .
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Given that, BD = ₹ 196 and BG = ₹ 28
∴ TD = BD - BG = 196 - 28 = ₹ 168
According to the formula,
A = (BD x TD)/BG = (196 x 168)/28Correct Option: C
Given that, BD = ₹ 196 and BG = ₹ 28
∴ TD = BD - BG = 196 - 28 = ₹ 168
According to the formula,
A = (BD x TD)/BG = (196 x 168)/28
= 196 X 6
= ₹ 1176
