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The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker's discount?
Answer & Solution
Correct Answer:
Option
D
$$\eqalign{
& TD = \frac{{BG{\text{ }} \times 100}}{{TR}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = \frac{{540 \times 100}}{{6 \times 12}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = \frac{{90 \times 100}}{{12}} \cr
& \,\,\,\,\,\,\,\,\,\,\, = \frac{{15 \times 100}}{2} \cr
& \,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,750 \cr
& BG = BD - TD \cr
& \Rightarrow 540 = BD - 750 \cr
& \Rightarrow BD = 540 + 750 \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 1290 \cr} $$
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