The bankers discount and true discount on a sum of money due 8 months hence are Rs.120 & Rs.110 resp. Find the sum.
A. 1457
B. 1320
C. 1140
D. 1260
Answer: Option B
Solution (By Examveda Team)
$$\eqalign{ & {\text{Sum}} = \frac{{B.D. \times T.D.}}{{B.D. - T.D.}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{120 \times 110}}{{120 - 110}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = 1320 \cr} $$This Question Belongs to Arithmetic Ability >> Bankers Discount
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