ABC26GN5410 · Banker’s Discount

Subject: General Aptitude · Chapter: Banker’s Discount · Exam: · Marks: · Difficulty:

If the true discount on a certain sum due 6 months hence at 15% is ` 120, what is the banker’s discount on the same sum for the same time and at the same rate ?  1 1 

Answer

Answer (as printed):

Explanation

B.G. = S.I. on T.D. = `  120 × 15 × ×  = ` 9.  2 100  ∴ (B.D.) – (T.D.) = ` 9. ∴ B.D. = ` (120 + 9) = ` 129.

Explanation as extracted from the printed page; notation may be imperfect.

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