The banker's discount of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time is Rs. 30. What is the sum due?
A. Rs. 180
B. Rs. 120
C. Rs. 220
D. Rs. 200
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & F = \frac{{BD \times TD}}{{(BD - TD)}} \cr & \,\,\,\,\,\,\, = \frac{{36 \times 30}}{{(36 - 30)}} \cr & \,\,\,\,\,\,\, = \frac{{36 \times 30}}{6} \cr & \,\,\,\,\,\,\, = 36 \times 5 \cr & \,\,\,\,\,\,\, = {\text{ Rs}}{\text{. }}180 \cr} $$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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