The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:
A. Rs. 360
B. Rs. 432
C. Rs. 540
D. Rs. 1080
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & \frac{{B.D. \times T.D.}}{{B.D. - T.D.}} \cr & = Rs.\,\left( {\frac{{72 \times 60}}{{72 - 60}}} \right) \cr & = Rs.\,\left( {\frac{{72 \times 60}}{{12}}} \right) \cr & = Rs.\,360 \cr} $$Join The Discussion
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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
Can you provide the solution in brief?