1. The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

**(1)**- 1. Rs. 400
- 2. Rs. 360
- 3. Rs. 480
- 4. Rs. 320

2. 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:

**(2)**- 1. 3 months
- 2. 4 months
- 3. 6 months
- 4. 8 months

3. The banker’s gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

**(3)**- 1. Rs. 480
- 2. Rs. 520
- 3. Rs. 600
- 4. Rs. 960

4. 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:

**(3)**- 1. 10%
- 2. 13%
- 3. 12%
- 4. 15%

5. The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker’s discount is:

**(3)**- 1. Rs. 960
- 2. Rs. 840
- 3. Rs. 1020
- 4. Rs. 760