## True Discount and Bankers’s Discount

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## Solve Problems:

1) The true discount on a bill of Rs. 2700 is Rs. 200. What is the banker’s discount?

1. Rs. 210
2. Rs. 212
3. Rs. 216
4. Rs. 218

2) The banker’s discount and the true discount on a sum of money due 8 months hence are 140 and 130 respectively. What are the sum and the rate percent?

1. 1820, 11.5%
2. 1920, 12.5%
3. 1930, 10.5%
4. 1940, 9.5%

3) The present worth or value of a bill due sometime hence is Rs. 1100 and the true discount is Rs. 110. Find the banker’s discount as well as banker’s gain.

1. 132, 16
2. 122, 15
3. 131, 14
4. 121, 11

4) The banker’s gain of a certain sum due 2 years hence at 10% per annum is Rs. 26. Find the present worth.

1. Rs. 450
2. Rs. 550
3. Rs. 650
4. Rs. 750

5) The banker’s discount on a certain sum of money is Rs. 88 and the true discount is 77. Find the sum due.

1. Rs. 516
2. Rs. 616
3. Rs. 416
4. Rs. 316

6) The certain worth of a certain sum due sometime hence is Rs. 1800. If the true discount is Rs. 180, what is the banker’s gain?

1. 18
2. 19
3. 20
4. 21

7) The present worth of a certain bill due sometime hence is Rs. 900 and the true discount is Rs. 45. What is the banker’s discount?

1. Rs. 44.25
2. Rs. 45.25
3. Rs. 46.25
4. Rs. 47.25

8) If the banker’s gain on a bill due one year hence at 14% per annum is Rs. 8.4, what is the true discount?

1. Rs. 60
2. Rs. 65
3. Rs. 70
4. Rs. 75

9) The banker’s gain on a certain sum due 18 months hence isof the banker’s discount. What is the rate percent?

1. 14.6 %
2. 15.6 %
3. 16.6 %
4. 17.6 %

10) If the true discount on a certain sum due 6 months hence at 12% is Rs. 120, find the banker’s discount on the same for the same time and at the same rate.

1. Rs. 127.2
2. Rs. 126.2
3. Rs. 125.2
4. Rs. 124.2