This Article consist of most important ” Bankers Discount Questions and Answers ” that are mostly asked in all competitive exams. We collected these questions from the students who appeared in exams. Now try to solve these questions.

## Bankers Discount Questions and Answers

**Question : 1 ** The banker’s discount on a certain amount due 2 years hence is 11⁄10 of the true discount. What is the rate percent?

A. 1%

B. 5%

C. 10 %

D. 12%

**Show Answer**

**Correct Answer : ** **B**

**Explanation : **

Let TD = Rs. 1

Then BD = 1110×1= Rs. 1110

T = 2

R = ?

F = BD × TD(BD – TD)=(1110×1)(1110−1)=1110110= Rs. 11

BD =FTR100⇒1110=11×2×R100⇒110=22R⇒R=11022=5%

**Question : 2** The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. What is the true discount?

A. Rs. 410

B. Rs. 400

C. Rs. 390

D. Rs. 380

**Show Answer**

**Correct Answer : ** **B**

**Explanation : **

TD = BD ×100 / 100+ TR=420×100 / 100+(412×15)=420×100 / 100+(13×15)=420×100 / 100+5=420×100 / 105=84×100 / 21=4×100=400