The bankers discount on Rs. 1800 at 12% per annum is equal to the true discount on Rs 1872 for the same time at the same rate. Find the time.
A. 4 months
B. 5 months
C. 6 months
D. 3 months
Answer: Option A
Solution(By Examveda Team)
S.I. on Rs. 1800 = T.D. on Rs. 1872P.W. of Rs. 1872 is Rs. 1800
Rs. 72 is S.I. on Rs. 1800 at 12%
$$\eqalign{ & {\text{Time}} = \frac{{100 \times 72}}{{12 \times 1800}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{1}{3}\,{\text{years}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 4\,{\text{months}} \cr} $$
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
Join The Discussion