Banking Question:
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The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
A. Rs. 36
B. Rs. 72
C. Rs. 48
D. Rs. 96

Answer:

D. Rs. 96

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The banker's discount on a sum of money for 1 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:
A. 10%
B. 13%
C. 12%
D. 15%
The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:
A. 3 months
B. 4 months
C. 6 months
D. 8 months