The present worth of a certain bill due sometime hence is Rs. 1296 and the true discount is Rs. 72. What is the banker's discount?
A. Rs. 76
B. Rs. 72
C. Rs. 74
D. Rs. 4
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & BG = \frac{{{{(TD)}^2}}}{{PW}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{{{72}^2}}}{{1296}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{72 \times 72}}{{1296}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{12 \times 12}}{{36}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{12}}{3} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = {\text{ Rs}}{\text{. }}4 \cr & BG = BD - TD \cr & \Rightarrow 4 = BD - 72 \cr & \Rightarrow BD = 72 + 4 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,76 \cr} $$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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