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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:

Answer: Option C


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))




So Option C is correct


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:

Answer: Option B


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


Tags:  Accenture