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%
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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%
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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
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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
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