Bankers Discount Formula Concept Aptitude problems shortcut tricks Pdf
Are you interested in learning quantitative aptitude problem we can say that you departed in a correct place. Here we proposed a useful lecture on Bankers discount. I can also say that this is a best area to learn the numerical aptitude formula, shortcuts, tricks for exams like MBA competitive exams like CAT, GMAT, GRE and bank exams like SBI, IBPS etc. Let we stop here and go into the concept of bankers discount and true discount. First we will know the definition of this topic and then move into the formulas.
Bankers discount and True discount formula
Bankers discount and true discount yield formula with appropriate explanation is given in this section.
We hope that now you have understood what is banker’s discount. Next we will see the numerical problems on this topic with an example.
Example for banker’s discount with explanation
On a bill of Rs.500, the true discount is RS. 60. What is the banker’s discount?
Solution and explanation:
Present worth P. W = Rs. 500 – Rs. 60 = Rs. 440.
S.I on Rs. 440 = Rs .60.
S.I on Rs.500 is = Rs. (60 / 440) * 500 = Rs.67.87.
The step by step explanation of the quantitative aptitude problem will make you understand the problem clearly. That is why we gave you the problem in such manner. Keep this example in the mind. Lets we start with a set of 3 different type of question with solution in banker discount.
Banker’s discount questions and answers
Here given you the most expected types of problem in banker discount. Practice it for good outcome.
Video tutorial on banker discount
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