**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 |

**Answer: Option B**

__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 |

**Answer: Option B**

__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 |

**Answer: Option B**

__Explanation:__

B.G = Bankers Discount - True Discount

B.D = B.G. + True Discount

=280 + 400

**B.D = Rs. 680**

Question 4 |

18 | |

19 | |

20 | |

21 |

**Answer: Option A**

__Explanation:__

Question 5 |

Rs. 36 | |

Rs. 72 | |

Rs. 48 | |

Rs. 96 |

**Answer: Option D**

__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 |

**Answer: Option C**

__Explanation:__

Question 7 |

Rs. 432 | |

Rs. 422 | |

Rs. 412 | |

Rs. 442 |

**Answer: Option B**

__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% |

**Answer: Option B**

__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 |

**Answer: Option A**

__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% |

**Answer: Option A**

__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.