The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
A. Rs. 36
B. Rs. 72
C. Rs. 48
D. Rs. 96
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & T.D. = \sqrt {P.W. \times B.G.} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\, = \sqrt {576 \times 16} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\, = 96 \cr} $$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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