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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.

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Question No : 8
The present worth of a sum due sometime hence is Rs.576 and the banker's gain is Rs.16. The true discount is?

36
72
48
96

Question No : 9
The banker's discount on Rs.1600 at 15% per annum is the same as true discount on Rs.1680 for the same time and at the same rate. The time is?

3 months
4 months
6 months
8 months