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This mock test of Test: Banker's Discount- 2 for LR helps you for every LR entrance exam.
This contains 10 Multiple Choice Questions for LR Test: Banker's Discount- 2 (mcq) to study with solutions a complete question bank.
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QUESTION: 1

The banker's gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth ?

Solution:

QUESTION: 2

The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:

Solution:

QUESTION: 3

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. What is the time?

Solution:

QUESTION: 4

The banker's gain on a certain sum due 5/2 years hence is 9/25 of the banker's discount. What is the rate percent?

Solution:

QUESTION: 5

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:

Solution:

QUESTION: 6

The true discount on a certain sum due 6 months hence at 15% is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?

Solution:

QUESTION: 7

A bill is discounted at 10% per annum. If banker's discount is allowed, at what rate percent should the proceeds be invested so that nothing will be lost?

Solution:

QUESTION: 8

The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?

Solution:

QUESTION: 9

The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker's discount?

Solution:

QUESTION: 10

A banker paid Rs.5767.20 for a bill of Rs.5840, drawn of Apr 4 at 6 months. If the rate of interest was 7%, what was the day on which the bill was discounted?

Solution:

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