ABC26GN5417 · Banker’s Discount

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

The present worth of a certain bill due sometime

(a)3 months

(b)4 months hence is ` 800 and the true discount is ` 36. The

(c)6 months

(d)8 months banker’s discount is 1

Answer

Answer (as printed): B

Explanation

B.G. = =`  = ` 1.62. P.W.  800  ∴ B.D. = (T.D. + B.G.) = ` (36 + 1.62) = ` 37.62. 2 (T.D.)  160 × 160 

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

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