Lakshya Education MCQs

Question: The banker's discount on a certain sum due 2 years hence is $$\frac{{11}}{{10}}$$ of the true discount. The rate percent is:
Options:
A.11%
B.10%
C.5%
D.5.5%
Answer: Option C

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More Questions on This Topic :

Question 1. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
  1.    Rs. 60
  2.    Rs. 108
  3.    Rs. 110
  4.    Rs. 112
Answer: Option B
Question 2. If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?
  1.    50
  2.    129
  3.    100
  4.    150
Answer: Option B
Question 3. The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker’s discount and the banker’s gain.
  1.    120
  2.    121
  3.    130
  4.    151
Answer: Option B
Question 4. The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
  1.    Rs. 36
  2.    Rs. 72
  3.    Rs. 48
  4.    Rs. 96
Answer: Option D
Question 5. The banker's gain on a certain sum due $$1\frac{1}{2}$$ years hence is $$\frac{3}{{25}}$$ of the banker's discount. The rate percent is:
  1.    $$5\frac{1}{5}$$ %
  2.    $$9\frac{1}{{9}}$$ %
  3.    $$8\frac{1}{8}$$ %
  4.    $$6\frac{1}{6}$$ %
Answer: Option B
Question 6. The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
  1.    Rs. 72
  2.    Rs. 36
  3.    Rs. 54
  4.    Rs. 50
Answer: Option D

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