The true discount on a bill for Rs. 2520 due 6 months hence at 10% per annum is
A. Rs. 180
B. Rs. 140
C. Rs. 80
D. Rs. 120
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & F = {\text{Rs}}{\text{.}}\,2520 \cr & T = 6\,{\text{months}} = \frac{1}{2}\,{\text{years}} \cr & R = 10\% \cr & TD = \frac{{FTR}}{{100 + \left( {TR} \right)}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{2520 \times \frac{1}{2} \times 10}}{{100 + \left( {\frac{1}{2} \times 10} \right)}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{1260 \times 10}}{{100 + 5}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{12600}}{{105}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = \frac{{2520}}{{21}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,120 \cr} $$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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