Bankers Discount Practice Test 6

51.The banker's gain on a bill due due 1 year hence at 12% per annum is Rs. 6. The true discount is

 A.  Rs.72      B.  Rs.36

 C.  Rs.54      D.  Rs.50

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52. The banker's discount on a certain sum due 2 years hence is 11 of the true discount.10 The rate percent is:

A.        11%  B.        10%

C.        5%     D.        5.5%

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53.If the true discount on a certain sum due 6 months hence at 15% is Rs. 120. What is the banker's discount on the same sum for the same time and at the same rate?

             A.  Rs. 119  B.  Rs. 129

            C.  Rs. 131   D.  Rs. 139

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54.	The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker’s discount is:
	A. Rs. 960 B. Rs. 840 C. Rs. 1020 D. Rs. 760 View Answer With Explanation 55. The banker’s discount on a sum of money for 1 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is: A. 10% B. 13% C. 12% D. 15%

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