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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)

$$\eqalign{ & {\text{Sum}} = \frac{{B.D. \times T.D.}}{{B.D. - T.D.}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{120 \times 110}}{{120 - 110}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = 1320 \cr} $$

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