ABC26GN5416 · Banker’s Discount
Subject: General Aptitude · Chapter: Banker’s Discount · Exam: · Marks: · Difficulty:
The true discount on a bill of ` 540 is ` 90. The
(a)` 60
(b)` 108 is the same as true discount on ` 1680 for the same
(c)` 48 ` 110
(d)` 96 banker’s discount is 9. The banker’s discount on ` 1600 at 15% per annum ` 112 time and at the same rate. The time is
Answer
Explanation
P.W. = ` (540 – 90) = ` 450. ∴ S.I. on ` 450 = ` 90. S.I. on ` 540 = ` 90 × 540 = ` 108. 450 ∴ B.D. = ` 108. (T.D.)2 36 × 36
Explanation as extracted from the printed page; notation may be imperfect.
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