Bankers Discount

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Q. A sum of $12000 is due in 5 years. If the bankers discount is $3000, what is the rate of interest?
  • A. 5%
  • B. 6%
  • C. 7%
  • D. 8%
Q. A sum of $1500 is due in 4 years. If the banker's discount is $240 at 6% per annum, what is the present worth?
  • A. $1260
  • B. $1300
  • C. $1400
  • D. $1500
Q. A sum of $2500 is due in 3 years. If the banker's discount is $300 at 4% per annum, what is the present worth?
  • A. $2200
  • B. $2300
  • C. $2400
  • D. $2500
Q. A sum of $25000 is due in 2 years. If the bankers discount is $5000, what is the rate of interest?
  • A. 8%
  • B. 10%
  • C. 12%
  • D. 15%
Q. A sum of $5000 is due in 2 years. What is the bankers discount at the rate of 10%?
  • A. $100
  • B. $200
  • C. $300
  • D. $400
Q. A sum of money is due in 2 years. If the banker's discount on it is $200 at 10% per annum, what is the present worth?
  • A. $1800
  • B. $2000
  • C. $2200
  • D. $2400
Q. A sum of money is due in 6 years. If the banker's discount is $360 at 12% per annum, what is the present worth?
  • A. $2400
  • B. $3000
  • C. $3200
  • D. $3600
Q. Calculate the Banker's Discount on a loan of $1200 for 6 months at an interest rate of 5%.
  • A. $30.00
  • B. $25.00
  • C. $20.00
  • D. $15.00
Q. Calculate the maturity value of a bill of $4000 with a Banker's Discount of $200 for 6 months.
  • A. $3800
  • B. $4000
  • C. $4200
  • D. $4400
Q. Find the Banker's Discount on a sum of $2000 due in 1 year at a rate of 10%.
  • A. $200
  • B. $150
  • C. $100
  • D. $250
Q. If a bill of Rs. 12000 is discounted at 8% per annum for 5 months, what is the Banker's Discount?
  • A. Rs. 200
  • B. Rs. 400
  • C. Rs. 300
  • D. Rs. 500
Q. If a bill of Rs. 15000 is discounted at 8% per annum for 2 months, what is the Banker's Discount?
  • A. Rs. 100
  • B. Rs. 200
  • C. Rs. 300
  • D. Rs. 400
Q. If a bill of Rs. 15000 is discounted at 8% per annum for 6 months, what is the bankers' discount?
  • A. Rs. 600
  • B. Rs. 800
  • C. Rs. 1000
  • D. Rs. 1200
Q. If a bill of Rs. 20000 is discounted at 15% per annum for 4 months, what is the bankers' discount?
  • A. Rs. 1000
  • B. Rs. 1200
  • C. Rs. 1500
  • D. Rs. 2000
Q. If a bill of Rs. 30000 is discounted at 5% for 6 months, what is the Banker's Discount?
  • A. Rs. 750
  • B. Rs. 500
  • C. Rs. 600
  • D. Rs. 700
Q. If the Banker's Discount on a bill of $800 is $16, what is the rate of interest for 4 months?
  • A. 5%
  • B. 6%
  • C. 7%
  • D. 8%
Q. If the Banker's Discount on a bill of Rs. 20000 due in 6 months at 10% is Rs. 1000, what is the true discount?
  • A. Rs. 800
  • B. Rs. 1000
  • C. Rs. 1200
  • D. Rs. 600
Q. If the Banker's Discount on a bill of Rs. 22000 due in 5 months at 6% is Rs. 550, what is the true discount?
  • A. Rs. 500
  • B. Rs. 550
  • C. Rs. 600
  • D. Rs. 450
Q. If the Banker's Discount on a bill of Rs. 8000 due in 1 year at 12% is Rs. 960, what is the true discount?
  • A. Rs. 800
  • B. Rs. 960
  • C. Rs. 720
  • D. Rs. 640
Q. If the Banker's Discount on a bill of Rs. 8000 due in 3 months at 12% per annum is Rs. 80, what is the effective interest rate?
  • A. 3%
  • B. 4%
  • C. 5%
  • D. 6%
Q. If the Banker's Discount on a bill of Rs. 8000 due in 6 months at 12% per annum is Rs. 480, what is the true discount?
  • A. Rs. 400
  • B. Rs. 480
  • C. Rs. 600
  • D. Rs. 500
Q. If the Banker's Discount on a bill of Rs. 8000 due in 6 months at 12% per annum is Rs. 480, what is the actual amount received?
  • A. Rs. 7520
  • B. Rs. 8000
  • C. Rs. 7520
  • D. Rs. 7520
Q. If the Banker's Discount on a loan of $3000 is $90 for 3 months, what is the rate of interest?
  • A. 6%
  • B. 7%
  • C. 8%
  • D. 9%
Q. If the banker's discount on a sum due in 1 year is $150 at 10% per annum, what is the present worth?
  • A. $1350
  • B. $1400
  • C. $1450
  • D. $1500
Q. If the banker's discount on a sum due in 3 years is $300 at 5% per annum, what is the present worth?
  • A. $1800
  • B. $2000
  • C. $2200
  • D. $2400
Q. If the bankers discount on a sum of $8000 for 1 year at 12% is $960, what is the present value?
  • A. $7040
  • B. $7048
  • C. $7200
  • D. $7208
Q. If the bankers' discount on a bill is Rs. 400 and the time is 1 year at a rate of 8% per annum, what is the face value of the bill?
  • A. Rs. 5000
  • B. Rs. 6000
  • C. Rs. 7000
  • D. Rs. 8000
Q. If the bankers' discount on a bill is Rs. 400 and the time is 4 months, what is the face value of the bill at the rate of 12% per annum?
  • A. Rs. 4000
  • B. Rs. 5000
  • C. Rs. 6000
  • D. Rs. 7000
Q. If the present value of a bill is Rs. 7200 and the bankers' discount is Rs. 800, what is the face value of the bill?
  • A. Rs. 8000
  • B. Rs. 7200
  • C. Rs. 6000
  • D. Rs. 5000
Q. If the present value of a sum is $4500 and the bankers discount is $500, what is the principal?
  • A. $5000
  • B. $5500
  • C. $6000
  • D. $6500
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