Bankers Discount

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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 actual amount received?
  • A. Rs. 7520
  • B. Rs. 8000
  • C. Rs. 7520
  • D. Rs. 7520
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 loan of $10000 for 1 year at 10% is $1000, what is the total amount to be paid back?
  • A. $9000
  • B. $10000
  • C. $11000
  • D. $12000
Q. If the Banker's Discount on a loan of $10000 for 1 year at 9% is $900, what is the effective interest rate?
  • A. 8%
  • B. 9%
  • C. 10%
  • D. 11%
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 Banker's Discount on a sum of $10000 for 1 year at 10% is $1000, what is the maturity amount?
  • A. $11000
  • B. $12000
  • C. $10000
  • D. $9000
Q. If the Banker's Discount on a sum of $1500 for 1 year at 9% is $135, what is the effective interest rate?
  • A. 9%
  • B. 10%
  • C. 11%
  • D. 12%
Q. If the Banker's Discount on a sum of $2500 for 1 year at 6% is $150, what is the effective interest rate?
  • A. 6%
  • B. 7%
  • C. 8%
  • D. 9%
Q. If the Banker's Discount on a sum of $3000 for 4 years at 8% is $960, what is the principal amount?
  • A. $4000
  • B. $3000
  • C. $5000
  • D. $6000
Q. If the Banker's Discount on a sum of $3000 for 5 years at 8% is $1200, what is the actual amount received?
  • A. $1800
  • B. $2400
  • C. $3000
  • D. $1200
Q. If the Banker's Discount on a sum of $3000 for 5 years at 8% per annum is $1200, what is the total amount due?
  • A. $4200
  • B. $3000
  • C. $3600
  • D. $4800
Q. If the Banker's Discount on a sum of $4000 for 1 year at 5% is $200, what is the total amount to be paid?
  • A. $4200
  • B. $4000
  • C. $3800
  • D. $4500
Q. If the Banker's Discount on a sum of $4000 for 1 year at 9% is $360, what is the effective interest rate?
  • A. 9%
  • B. 10%
  • C. 11%
  • D. 12%
Q. If the Banker's Discount on a sum of $5000 for 1 year at 12% per annum is calculated, what is the amount?
  • A. $600
  • B. $500
  • C. $700
  • D. $400
Q. If the Banker's Discount on a sum of $5000 for 3 years at 12% per annum is calculated, what is the amount?
  • A. $1800
  • B. $1200
  • C. $1500
  • D. $2000
Q. If the Banker's Discount on a sum of $5000 for 3 years at 8% per annum is calculated, what is the amount?
  • A. $1200
  • B. $1500
  • C. $1000
  • D. $800
Q. If the Banker's Discount on a sum of $8000 for 5 years at 6% is $2400, what is the actual amount received?
  • A. $5600
  • B. $6400
  • C. $6000
  • D. $7200
Q. If the Banker's Discount on a sum of $8000 for 5 years at 8% is calculated, what is the total discount?
  • A. $3200
  • B. $4000
  • C. $4800
  • D. $6000
Q. If the Banker's Discount on a sum of $8000 for 5 years at 8% per annum is calculated, what is the discount?
  • A. $3200
  • B. $4000
  • C. $2400
  • D. $1600
Q. If the Banker's Discount on a sum of $8000 for 5 years at 8% per annum is calculated, what is the amount?
  • A. $3200
  • B. $4000
  • C. $4800
  • D. $6000
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
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