The banker's gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth ?
A. Rs. 400
B. Rs. 300
C. Rs. 500
D. Rs. 350
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & {\text{T}} = 3\,{\text{year}} \cr & {\text{R}} = {\text{10}}\% \cr & {\text{TD = }}\frac{{{\text{BG}} \times 100}}{{{\text{TR}}}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{36 \times 100}}{{3 \times 10}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = 12 \times 10 \cr & \,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}120 \cr & {\text{TD = }}\frac{{{\text{PW}} \times {\text{TR}}}}{{100}} \cr & \Rightarrow 120 = \frac{{{\text{PW}} \times 3 \times 10}}{{100}} \cr & \Rightarrow 1200 = {\text{PW}} \times 3 \cr & {\text{PW}} = \frac{{1200}}{3} \cr & \,\,\,\,\,\,\,\,\,\,{\text{ = Rs}}{\text{.}}400 \cr} $$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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