The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:
A. Rs. 20
B. Rs. 24
C. Rs. 16
D. Rs. 12
Answer: Option C
Solution(By Examveda Team)
$$\eqalign{ & B.G. = \frac{{{{\left( {T.D.} \right)}^2}}}{{P.W.}} \cr & = Rs.\,\left( {\frac{{160 \times 160}}{{1600}}} \right) \cr & = Rs.\,16 \cr} $$This Question Belongs to Arithmetic Ability >> Bankers Discount
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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