ABC26GN5420 · Banker’s Discount

Subject: General Aptitude · Chapter: Banker’s Discount · Exam: · Marks: · Difficulty:

The banker’s gain of a certain sum due 2 years hence the same time is ` 60. The sum due is at 10% per annum is ` 24. The present worth is

(a)` 360 ` 480

(b)` 432 ` 520

(c)` 540 ` 600

(d)` 1080 ` 960 12. The banker’s discount on a certain sum due 2 years

Answer

Answer (as printed): C

Explanation

T.D. =  =`  = ` 120. Rate × Time  10 × 2    100 × T.D.  100 × 120  ∴ P.W. = =`  = ` 600. Rate × Time  10 × 2  B.G. × 100  6 × 100 

Explanation as extracted from the printed page; notation may be imperfect.