The banker's gain on a bill due 1 year hence at...

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The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

A. Rs. 72

B. Rs. 36

C. Rs. 54

D. Rs. 50

Answer: Option D

Solution (By Examveda Team)

$$\eqalign{ & T.D. = \frac{{B.G. \times 100}}{{R \times T}} \cr & = Rs.\,\left( {\frac{{6 \times 100}}{{12 \times 1}}} \right) \cr & = Rs.\,50 \cr} $$

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The banker's gain on a bill due 1 year hence at...

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

Solution (By Examveda Team)

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