The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?
A. Rs. 24
B. Rs. 12
C. Rs. 36
D. Rs. 18
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & T = 6{\text{ months}} = \frac{1}{2}{\text{year}} \cr & R = 6\% \cr & TD = \frac{{BD \times 100}}{{100 + TR}} \cr & \,\,\,\,\,\,\,\,\,\,\, = \frac{{18.54 \times 100}}{{100 + \left( {\frac{1}{2} \times 6} \right)}} \cr & \,\,\,\,\,\,\,\,\,\,\, = \frac{{18.54 \times 100}}{{103}} \cr & \,\,\,\,\,\,\,\,\,\,\, = \frac{{1854}}{{103}} \cr & \,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,18 \cr} $$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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