The banker’s discount on a certain sum due 2 years hence is 11 of the true discount. The rate percent is:
Correct answer C. 5%
Tip: press A, B, C or D to answer, and N for the next question.
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More Banker's Discount questions
See allThe true discount on a bill of Rs. 540 is Rs. 90. The banker’s discount is:
Correct answer B. Rs. 108
The present worth of a sum due sometime hence is Rs. 576 and the banker’s gain is Rs. 16. The true discount is:
Correct answer D. Rs. 96
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The banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
Correct answer D. Rs. 50
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:
Correct answer B. Rs. 37.62
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