The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:
A. Rs. 21
B. Rs. 17
C. Rs. 18
D. Rs. 34
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & BG = \frac{{{{(TD)}^2}}}{{PW}} \cr & \,\,\,\,\,\,\,\,\,\,\, = \frac{{{{(340)}^2}}}{{3400}} \cr & \,\,\,\,\,\,\,\,\,\,\, = \frac{{340 \times 340}}{{3400}} \cr & \,\,\,\,\,\,\,\,\,\,\, = \frac{{340}}{{10}} \cr & \,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,34 \cr} $$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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