Banking Question:

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The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:
A. Rs. 37
B. Rs. 37.62
C. Rs. 34.38
D. Rs. 38.98

Banking Interview Question
Banking Interview Question

Answer:

B. Rs. 37.62

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The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
A. Rs. 60
B. Rs. 108
C. Rs. 110
D. Rs. 112		The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
A. Rs. 72
B. Rs. 36
C. Rs. 54
D. Rs. 50