Sail E0 Webinar

Quantitative Aptitude > Discount

BANKERS DISCOUNT MCQs

Total Questions : 50 | Page 4 of 5 pages
Question 31. The true discount on a bill for Rs. 2520 due 6 months hence at 10% per annum is
  1.    Rs. 180
  2.    Rs. 140
  3.    Rs. 80
  4.    Rs. 120
 Discuss Question
Answer: Option D. -> Rs. 120
$$\eqalign{
& F = {\text{Rs}}{\text{.}}\,2520 \cr
& T = 6\,{\text{months}} = \frac{1}{2}\,{\text{years}} \cr
& R = 10\% \cr
& TD = \frac{{FTR}}{{100 + \left( {TR} \right)}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{2520 \times \frac{1}{2} \times 10}}{{100 + \left( {\frac{1}{2} \times 10} \right)}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{1260 \times 10}}{{100 + 5}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{12600}}{{105}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{2520}}{{21}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,120 \cr} $$
Question 32. The present worth of a certain bill due sometime hence is Rs. 1296 and the true discount is Rs. 72. What is the banker's discount?
  1.    Rs. 76
  2.    Rs. 72
  3.    Rs. 74
  4.    Rs. 4
 Discuss Question
Answer: Option A. -> Rs. 76
$$\eqalign{
& BG = \frac{{{{(TD)}^2}}}{{PW}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{{{72}^2}}}{{1296}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{72 \times 72}}{{1296}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{12 \times 12}}{{36}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{12}}{3} \cr
& \,\,\,\,\,\,\,\,\,\,\,\, = {\text{ Rs}}{\text{. }}4 \cr
& BG = BD - TD \cr
& \Rightarrow 4 = BD - 72 \cr
& \Rightarrow BD = 72 + 4 \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,76 \cr} $$
Question 33. The true discount on a certain sum due 6 months hence at 15% is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?
  1.    Rs. 258
  2.    Rs. 278
  3.    Rs. 228
  4.    None of these
 Discuss Question
Answer: Option A. -> Rs. 258
$$\eqalign{
& TD = {\text{Rs}}{\text{.}}\,240 \cr
& T = 6\,{\text{months}}\, = \frac{1}{2}\,{\text{year}} \cr
& R = 15\% \cr
& TD = \frac{{BG \times 100}}{{TR}} \cr
& \Rightarrow 240 = \frac{{BG \times 100}}{{\left( {\frac{1}{2} \times 15} \right)}} \cr
& BG = \frac{{240 \times 15}}{{100 \times 2}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = \frac{{120 \times 15}}{{100}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,18 \cr
& BG = BD - TD \cr
& \Rightarrow 18 = BD - 240 \cr
& \Rightarrow BD = 18 + 240 \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,258 \cr} $$
Question 34. The banker's discount on a sum of money for $$1\frac{1}{2}$$ years is Rs. 120. The true discount on the same sum for 2 years is Rs. 150. What is the rate per cent?
  1.    $$3\frac{1}{3}\,\% $$
  2.    $$4\frac{1}{3}\,\% $$
  3.    $$3\frac{2}{3}\,\% $$
  4.    $$4\frac{2}{3}\,\% $$
 Discuss Question
Answer: Option A. -> $$3\frac{1}{3}\,\% $$
$$\eqalign{
& BD{\text{ for }}1\frac{1}{2}{\text{ years}} = {\text{Rs}}{\text{.}}\,\,120 \cr
& BD{\text{ for }}2{\text{ years}} = 120 \times \frac{2}{3} \times 2 \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,160 \cr
& TD\,{\text{for}}\,2\,{\text{year}} = Rs.\,150 \cr
& F = \frac{{BD \times TD}}{{\left( {BD - TD} \right)}} \cr
& \,\,\,\,\,\,\,\, = \frac{{160 \times 150}}{{160 - 150}} \cr
& \,\,\,\,\,\,\,\, = \frac{{160 \times 150}}{{10}} \cr
& \,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,2400 \cr} $$
⇒ Rs.160 is the simple interest on Rs. 2400 for 2 years
$$\eqalign{
& \Rightarrow 160 = \frac{{2400 \times 2 \times R}}{{100}} \cr
& \Rightarrow R = \frac{{160 \times 100}}{{2400 \times 2}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{160}}{{48}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{20}}{6} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{10}}{3} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = 3\frac{1}{3}\,\% \cr} $$
Question 35. The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:
  1.    Rs. 21
  2.    Rs. 17
  3.    Rs. 18
  4.    Rs. 34
 Discuss Question
Answer: Option D. -> Rs. 34
$$\eqalign{
& BG = \frac{{{{(TD)}^2}}}{{PW}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = \frac{{{{(340)}^2}}}{{3400}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = \frac{{340 \times 340}}{{3400}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = \frac{{340}}{{10}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,34 \cr} $$
Question 36. The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:
  1.    Rs. 360
  2.    Rs. 432
  3.    Rs. 540
  4.    Rs. 1080
 Discuss Question
Answer: Option A. -> Rs. 360
$$\eqalign{
& \frac{{B.D. \times T.D.}}{{B.D. - T.D.}} \cr
& = Rs.\,\left( {\frac{{72 \times 60}}{{72 - 60}}} \right) \cr
& = Rs.\,\left( {\frac{{72 \times 60}}{{12}}} \right) \cr
& = Rs.\,360 \cr} $$
Question 37. 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
 Discuss Question
Answer: Option D. -> Rs. 50
$$\eqalign{
& T.D. = \frac{{B.G. \times 100}}{{R \times T}} \cr
& = Rs.\,\left( {\frac{{6 \times 100}}{{12 \times 1}}} \right) \cr
& = Rs.\,50 \cr} $$
Question 38. The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:
  1.    Rs. 20
  2.    Rs. 24
  3.    Rs. 16
  4.    Rs. 12
 Discuss Question
Answer: Option C. -> Rs. 16
$$\eqalign{
& B.G. = \frac{{{{\left( {T.D.} \right)}^2}}}{{P.W.}} \cr
& = Rs.\,\left( {\frac{{160 \times 160}}{{1600}}} \right) \cr
& = Rs.\,16 \cr} $$
Question 39. The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:
  1.    Rs. 37
  2.    Rs. 37.62
  3.    Rs. 34.38
  4.    Rs. 38.98
 Discuss Question
Answer: Option B. -> Rs. 37.62
$$\eqalign{
& B.G. = \frac{{{{\left( {T.D.} \right)}^2}}}{{P.W.}} \cr
& = Rs.\,\left( {\frac{{36 \times 36}}{{800}}} \right) \cr
& = Rs.\,1.62 \cr
& \therefore B.D. = \left( {T.D. + B.G.} \right) \cr
& = Rs.\,\left( {36 + 1.62} \right) \cr
& = Rs.\,37.62 \cr} $$
Question 40. 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.    $$6\frac{1}{6}$$ %
 Discuss Question
Answer: Option B. -> $$9\frac{1}{{9}}$$ %
$$\eqalign{
& {\text{Let,}}\,{\text{B}}{\text{.D}}{\text{.}} = \operatorname{Rs} .\,{\kern 1pt} 1 \cr
& {\text{Then,}}{\kern 1pt} \,{\text{B}}{\text{.G}}{\text{.}} = \operatorname{Re} .\,{\kern 1pt} \frac{3}{{25}} \cr
& \therefore {\text{T}}{\text{.D}}{\text{. = }}\left( {{\text{B}}{\text{.D}}{\text{. - B}}{\text{.G}}{\text{.}}} \right) \cr
& = \operatorname{Rs} .\,{\kern 1pt} \left( {1 - \frac{3}{{25}}} \right) \cr
& = \operatorname{Rs} .{\kern 1pt} \,\frac{{22}}{{25}} \cr
& {\text{Sum}} = {\frac{{1 \times {\frac{{22}}{{25}}} }}{{1 - {\frac{{22}}{{25}}} }}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}{\kern 1pt} \,\frac{{22}}{3} \cr
& {\text{S}}{\text{.I}}{\text{.}}{\kern 1pt} \,{\text{on}}{\kern 1pt} {\text{Rs}}{\text{.}}\,{\kern 1pt} \frac{{22}}{3}{\kern 1pt} {\text{for}}\,{\kern 1pt} 1\frac{1}{2}\,{\text{years}}\,{\kern 1pt} {\text{is}}\,\operatorname{Rs} .\,{\kern 1pt} 1 \cr
& \therefore {\text{Rate}} = \left( {\frac{{100 \times 1}}{{\frac{{22}}{3} \times \frac{3}{2}}}} \right)\% {\kern 1pt} \cr
& {\kern 1pt} \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 9\frac{1}{9}\% \cr} $$

Latest Videos

Latest Test Papers