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Arithmetic Aptitude :: Banker's Discount

Home > Arithmetic Aptitude > Banker's Discount > General Questions

1. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

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Answer: Option C

Explanation:

Let Amount=X



Banker's Gain (B.G)  =  Banker's Discount (B.D) - True Discount (T.D)



270   = (X*12*3)/100 - (X*12*3)/(100 (12*3))



X=2833.33



B.D=2833.33*12*3/100



B.D=1020



So Option C is correct

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Tags:  IBM

2. The banker's gain on a bill due 2 year hence at 10% per annum is Rs. 8. The true discount is:

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Answer: Option B

Explanation:

True Discount = (B.G*100)/(Rate*Time)
T.D = (8*100)/(10*2)
= 8*5 = Rs. 40

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Tags:  Accenture