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
Join The Discussion