Curioustab
Aptitude
General Knowledge
Verbal Reasoning
Computer Science
Interview
Aptitude
General Knowledge
Verbal Reasoning
Computer Science
Interview
Home
»
Aptitude
»
Banker's Discount
The banker's discount on a certain sum due 2 years hence is 11 of the true discount. 10 The rate percent is:
11%
10%
5%
5.5%
Show Answer
Correct Answer:
5%
Explanation:
Let T.D. be Re. 1.
Then, B.D. = Rs.
11
= Rs. 1.10.
10
∴ Sum = Rs.
❨
1.10 x 1
❩
= Rs.
❨
110
❩
= Rs. 11.
1.10 - 1
10
∴ S.I. on Rs. 11 for 2 years is Rs. 1.10
∴ Rate =
❨
100 x 1.10
❩%
= 5%.
11 x 2
Next Question→
Discussion & Comments
No comments yet. Be the first to comment!
Name:
Comment:
Post Comment
