Banker’s Discount Aptitude Questions and Answers – Formulas & Tricks
- Banker’s gain = Banker’s Discount – True Discount
- Banker’s Discount (BD) = Simple Interest (SI) on the bill for the unexpired time

3. Banker’s Gain = BD – TD or SI on TD

4. True Discount (TD) =
5. True Discount (TD)

6. True Discount (TD)

7. True Discount (TD)

8. Banker’s Discount (BD)

9. Present Worth (PW)

10. Amount

Points to Remember Banker’s Discount Question and Answers
Present Value
The Money to be paid before the due date to clear off debt is called present worth.
True Discount Banker’s Discount Questions and Answers
The difference between the amount due and the present value or worth of the amount is called the true discount. In other words, That is interest on the present worth.
Banker’s Discount
The Simple interest on the face value or amount due for the period from the date on which the bill was discounted till the legally due date or for the unexpired time.
Banker’s Discount is the Simple Interest on the face value for the period from the date on which the bill was discounted and the legally due date.
Banker’s Gain (B.G) = (B.D) – (T.D) for the unexpired time.
Banker’s Discount Aptitude Question and Answer With Detailed Explanation – Quantitative Aptitude
Banker's Discount
Question 1 |
3 months | |
4 months | |
6 months | |
8 months |
Explanation:
S.I on Rs. 1600 = T.D on Rs. 1680.br> Therefore, Rs. 1600 is the P.W. of Rs. 1680,
i.e., Rs 80 is on Rs. 1600 at 15%.

Question 2 |
Rs. 60 | |
Rs. 108 | |
Rs. 110 | |
Rs. 112 |
Explanation:
P.W. = Rs. (540 - 90)
=Rs. 450
Therefore, S.I on Rs. 450 = Rs. 90
S.I. on Rs. 540
= Rs. ((90/450) * 540)
B.D= Rs. 108.
Question 3 |
Rs. 780 | |
Rs. 680 | |
Rs. 580 | |
Rs. 480 |
Explanation:

B.D = B.G. + True Discount
=280 + 400
B.D = Rs. 680
Question 4 |
18 | |
19 | |
20 | |
21 |
Explanation:

Question 5 |
Rs. 36 | |
Rs. 72 | |
Rs. 48 | |
Rs. 96 |
Explanation:

Question 6 |
Sum = Rs. 400 and Time = 5 Years | |
Sum = Rs. 200 and Time = 2.5 Years | |
Sum = Rs. 400 and Time = 2.5 Years | |
Sum = Rs. 200 and Time = 5 Years |
Explanation:

Question 7 |
Rs. 432 | |
Rs. 422 | |
Rs. 412 | |
Rs. 442 |
Explanation:
F = Rs. 2160
TD = Rs. 360
PW = F - TD
PW = 2160 - 360 = Rs. 1800
True Discount is the Simple Interest on the Present Value for Unexpired time
=> Simple Interest on Rs. 1800 for unexpired time = Rs. 360
Banker's Discount is the Simple Interest on the face value of the bill for unexpired time
= Simple Interest on Rs. 2160 for unexpired time
= (360 / 1800) * 2160
=(1 / 5) * 2160
Banker's Discount = Rs. 432
Question 8 |
5% | |
10% | |
15% | |
20% |
Explanation:
Let Banker's Discount = Rs. 10
Then, Banker's Gain = Rs. (1/5)* 10
Banker's Gain = Rs. 2
T.D = (B.D - B.G)
= (10 - 2)
T.D = Rs. 8
Sum = (10*8) / (10-8)
= (80/2)
Sum = Rs. 40
S.I on Rs. 40 for 2.5 year is Rs. 10
Therefore, Rate = (100 * 10) / (40 * 2.5)
Rate = 10%
Question 9 |
Rs. 127.2 | |
Rs. 126.2 | |
Rs. 125.2 | |
Rs. 124.2 |
Explanation:
B.G = S.I on T.D
= 120 * (12 / 100) * (1 / 2)
= Rs. 7.2
Now, B.G = B.D ? T.D = Rs. 7.2
B.D = B.G + T.D
B.D = 7.2 + 120 = Rs. 127.2
Question 10 |
25% | |
35% | |
45% | |
55% |
Explanation:
Let the amount = Rs. 100
So, B.D = Rs. 20 as banker's discount is the Simple Interest on the face value of the bill for the unexpired time and bill is discounted at 20% per annum.
Proceeds = Rs. 100 - Rs. 20 = Rs. 80
So, we should get Rs. 20 as the interest of Rs. 80 for one year so that nothing will be lost.
