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Examveda

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)

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

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