Banker's Discount MCQ Question with Answer

Banker's Discount MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

Question No : 1
The true discount on a bill of Rs.540 is rs.90 . The banker's discount is?

108

110

112

Question No : 2
The present worth of a certain bill due sometime hence is Rs.800 and true discount is Rs.36. The banker's discount is?

37.62

34.38

38.98

Question No : 3
The present worth of a certain sum due sometime hence is Rs.1600 and the true discount is Rs.160. The banker's gain is?

Question No : 4
The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs.24. The persent worth is?

480

520

600

960

Question No : 5
The gain on abill due 1 year hence at 12% per annum is Rs.6. The true discount is?

Question No : 6
The banker's discount on a bill due 4 months hence at 15% is Rs.420. The true discount is?

400

360

480

320

Question No : 7
The banker's gain on a sum due 3 years hence at 12% per annum is Rs.270. The banker's discount is?

960

840

1020

760