# The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

A. Rs. 960

B. Rs. 840

C. Rs. 1020

D. Rs. 760

**Answer: Option C **

__Solution(By Examveda Team)__

$$\eqalign{
& T.D. = {\frac{{B.G. \times 100}}{{R \times T}}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,\left( {\frac{{270 \times 100}}{{12 \times 3}}} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,750 \cr
& \therefore B.D. = Rs.\left( {750 + 270} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,1020 \cr} $$ 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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