ABC26GN5412 · Banker’s Discount

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

The banker’s discount and the true discount on a sum of money due 8 months hence are ₹120 and ₹110 respectively. Find the sum and the rate percent.

Answer

Answer (as printed):

Explanation

Sum =  =`  = ` 1320.  B.D. − T.D.   120 − 110  Since B.D. is S.I. on sum due, so S.I. on ` 1320 for 8 months is ` 120.  100 × 120  7 ∴ Rate =  % = 13 %. 2  11  1320 ×   3 

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

Open in whiteboard · Browse this chapter in the app