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A bill for Rs 6000 is drawn on July 1...

A bill for Rs 6000 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the banker’s discount, true discount, banker’s gain and the money that the holder of the bill receives.

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Important concepts (i) A bill for Rs.600 is drawn on july 14 at 5 months.It is discounted on 5 th october at 10%. Find the bankers discount,true discount,banker's gain and the money that the holder of the bill receives.

The true discount on a bill of ? 900 is ? 100. Find the banker's discount.

Knowledge Check

  • A bill for X 10200 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the banker's discount, true discount, banker's gain and the money that the holder of the bill receives.

    A
    X 204, X 200, X 4 and X 9996
    B
    X 100, X 200, X 2 and X 4989
    C
    X 121, X 172, X 132 and X 4046
    D
    X 136, X 132, X 138 and X 3649

  • A bill for Rs. 5656 is drawn on july 14 at 5 months. It is discounted on Oct. 5th at 5% ----- Banker's discount

    A
    Rs. 56.56
    B
    Rs.56
    C
    Rs.56.50
    D
    None of these

  • A bill for Rs. 5656 is drawn on july 14 at 5 months. It is discounted on Oct. 5th at 5% ----- Banker's gain and -----

    A
    Rs. 6.56
    B
    Rs.1.44
    C
    Rs.0.56
    D
    None of these

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    A bill of Rs.65,700 drawn on July 10 for 6 months was discounted for Rs.65,160 at 5% p.a. on what day was the bill discounted?

    A bill of Rs.51,000 was drawn on 18th February 2010 for 9 months. It was encashed on 28th June 2010 at 5% p.a. Calculate the banker’s gain and true discount.

    A bill of Rs.8,000 drawn on 5th January 2019 for 8 months was discounted for Rs.7,680 on a certain date. Find the date on which it was discounted at 10% p.a.

    A bill for Rs. 5656 is drawn on july 14 at 5 months. It is discounted on Oct. 5th at 5% ----- True discount -----

    A bill for Rs. 5656 is drawn on july 14 at 5 months. It is discounted on Oct. 5th at 5% ----- Money received by the holder of the bill -----

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