If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?
A. 50
B. 129
C. 100
D. 150
Answer: Option B
Solution(By Examveda Team)
$$\eqalign{ & B.G. = S.I.\,on\,T.D. \cr & = {\text{Rs}}{\text{.}}\,\left( {120 \times 15 \times \frac{1}{2} \times \frac{1}{{100}}} \right) \cr & = {\text{Rs}}{\text{.}}\,9 \cr & B.D. - T.D. = Rs.\,9 \cr & B.D. = {\text{Rs}}{\text{.}}\,\left( {120 + 9} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,129 \cr} $$Related Questions on Bankers Discount
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
A. Rs. 400
B. Rs. 360
C. Rs. 480
D. Rs. 320
A. 3 months
B. 4 months
C. 6 months
D. 8 months
A. Rs. 480
B. Rs. 520
C. Rs. 600
D. Rs. 960
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