The banker’s gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
Correct answer C. Rs. 600
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 allWhat is the banker’s discount on Rs. 5,000 due 3 months hence at 12% per annum?
Correct answer A. Rs. 150
A bill of Rs. 6,000 due 8 months hence is discounted at 6% per annum. What are the proceeds paid by the bank?
Correct answer C. Rs. 5,760
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For the same bill, time and rate, how does the banker’s discount compare with the true discount?
Correct answer C. Banker's discount is greater
The banker’s gain on a sum due 2 years hence at 10% per annum is Rs. 40. What is the true discount?
Correct answer C. Rs. 200
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