The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?
A. Rs. 19
B. Rs. 22
C. Rs. 20
D. Rs. 21
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & BG = \frac{{{{(TD)}^2}}}{{PW}} = \frac{{{{20}^2}}}{{400}} = {\text{Rs}}{\text{. }}1 \cr & BG = BD - TD \cr & \Rightarrow 1 = BD - 20 \cr & \Rightarrow BD = 1 + 21 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,21 \cr} $$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