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Q:

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's

discount is:

A) 1315 B) 1150
C) 1020 D) 980

Answer:   C) 1020



Explanation:

T.D. =(B.G*100)/(R*T)=Rs(270*100)/(12*3) = Rs. 750.

B.D. = Rs.(750 + 270) = Rs. 1020.

Subject: Banker's Discount
Related Questions
Q:

If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?

A) 50 B) 129
C) 100 D) 160
 
Answer & Explanation Answer: B) 129

Explanation:

B.G. = S.I. on T.D.

          = Rs.(120 x 15 x 1/2 x 1/100)

  = Rs. 9.

(B.D.) - (T.D.) = Rs. 9.

 

B.D. = Rs. (120 + 9) = Rs. 129.

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