Alerts
Wishlist
Cart
Sign In
Categories
Current Affairs & GK
Current Affairs
Show All Current Affairs & GK
eBooks
General Aptitude
Arithmetic Aptitude
Data Interpretation
Show All General Aptitude
General Knowledge
Basic General Knowledge
General Science
Show All General Knowledge
Medical Science
Anatomy
Biochemical Engineering
Biochemistry
Biotechnology
Microbiology
Show All Medical Science
Technical
Database
Digital Electronics
Electronics
Networking
Show All Technical
Verbal and Reasoning
Logical Reasoning
Verbal Ability
Verbal Reasoning
Show All Verbal and Reasoning
›
A bill of Rs. 12000 is due in 9 months. Calculate the Banker's Discount at the r
A bill of Rs. 12000 is due in 9 months. Calculate the Banker's Discount at the rate of 15% per annum.
Expand All
Collapse All
Practice Questions
1 question
Q1
A bill of Rs. 12000 is due in 9 months. Calculate the Banker's Discount at the rate of 15% per annum.
Rs. 450
Rs. 300
Rs. 600
Rs. 900
Show Solution
Copy
Banker's Discount = (12000 × 15 × 0.75) / 100 = Rs. 1350.
Questions & Step-by-step Solutions
1 item
Q
Q: A bill of Rs. 12000 is due in 9 months. Calculate the Banker's Discount at the rate of 15% per annum.
Solution:
Banker's Discount = (12000 × 15 × 0.75) / 100 = Rs. 1350.
Steps: 8
Show Steps
Step 1: Identify the total bill amount, which is Rs. 12000.
Step 2: Identify the rate of interest, which is 15% per annum.
Step 3: Identify the time period for which the bill is due, which is 9 months.
Step 4: Convert the time period from months to years. Since there are 12 months in a year, 9 months is equal to 9/12 = 0.75 years.
Step 5: Use the formula for Banker's Discount: Banker's Discount = (Bill Amount × Rate × Time) / 100.
Step 6: Substitute the values into the formula: Banker's Discount = (12000 × 15 × 0.75) / 100.
Step 7: Calculate the result: 12000 × 15 = 180000, then 180000 × 0.75 = 135000, and finally 135000 / 100 = 1350.
Step 8: The Banker's Discount is Rs. 1350.
Related Questions
A
A bill of Rs. 25000 is discounted at 5% per annum for 3 months. What is the bank
Question: A bill of Rs. 25000 is discounted at 5% per annum for 3 months. What is the bankers\' disc..
A
A bill of Rs. 12000 is due in 9 months. If the bankers' discount is Rs. 900, wha
Question: A bill of Rs. 12000 is due in 9 months. If the bankers\' discount is Rs. 900, what is the ..
A
A sum of $5000 is due in 2 years. What is the bankers discount at the rate of 10
Question: A sum of $5000 is due in 2 years. What is the bankers discount at the rate of 10%?Options:..
W
What is the face value of a bill if the bankers' discount is Rs. 500, the rate i
Question: What is the face value of a bill if the bankers\' discount is Rs. 500, the rate is 10% per..
A
A bill of Rs. 25000 is due in 1 year. Calculate the Banker's Discount at the rat
Question: A bill of Rs. 25000 is due in 1 year. Calculate the Banker\'s Discount at the rate of 5% p..
‹
Biology (School & UG)
Chemistry (School & UG)
Civil Engineering
Commerce & Accountancy
Computer Science & IT
Current Affairs & GK
Data Structures & Algorithms
eBooks
Electrical & Electronics Engineering
English (School)
General Aptitude
General Knowledge
General Knowledge & Current Affairs
Languages & Literature
Law & Legal Studies
Major Competitive Exams
Mathematics (School)
Mechanical Engineering
Medical Science
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Social Science (School)
Technical
Verbal and Reasoning
Vocational & Skill Development
›
Soulshift Feedback
×
On a scale of 0–10, how likely are you to recommend
The Soulshift Academy
?
0
1
2
3
4
5
6
7
8
9
10
Not likely
Very likely
✕
↑
