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Banker’s Discount

The banker’s discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

A.3 months

B.4 months

C.6 months

D.8 months

Show Answer

Answer=Option B

Categories Aptitude Mcqs, Banker's Discount Leave a comment

The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

A.Rs. 400

B.Rs. 360

C.Rs. 480

D.Rs. 320

Show Answer

Answer=Option A

Categories Aptitude Mcqs, Banker's Discount Leave a comment
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