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Aptitude test questions about Banker's Discount

Aptitude test questions about Banker's Discount These are some aptitude test questions as follows: 1. Sample questions of aptitude test ...

Aptitude test questions about Banker's Discount

These are some aptitude test questions as follows:

1. Sample questions of aptitude test



1. The banker's gain on a bill due 1 year hence at 12% per annum is Usd 6. The true discount is:
A. Usd 72 B. Usd 36 C. Usd 54 D. Usd 50

2. The certain worth of a certain sum due sometime hence is Usd 1600 and the true discount is Usd 160. The banker's gain is:
A. Usd 20 B. Usd 24 C. Usd 16 D.Usd 12

3. The banker's gain of a certain sum due 2 years hence at 10% per annum is Usd 24. The present worth is:
A. Usd 480 B. Usd 520 C. Usd 600 D.Usd 960

4. The banker's discount on a bill due 4 months hence at 15% is Usd 420. The true discount is:
A. Usd 400 B. Usd 360 C. Usd 480 D. Usd 320

5. The banker's discount on a sum of money for 1 years is Usd 558 and the true discount on the same sum for 2 years is Usd 600. The rate percent is:
A. 10% B.13% C.12% D.15%

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