ABC26GN5413 · Banker’s Discount

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

The present worth of a bill due sometime hence is ` 1100 and the true discount on the bill is ` 110. Find the banker’s discount and the banker’s gain.

Answer

Answer (as printed):

Explanation

T.D. = P.W. × B.G. (T.D.)2  110 × 110  ∴ B.G. = =`  = ` 11. P.W.  1100  ∴ B.D. = (T.D. + B.G.) = ` (110 + 11) = ` 121.

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

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