ABC26GN5418 · Banker’s Discount
Subject: General Aptitude · Chapter: Banker’s Discount · Exam: · Marks: · Difficulty:
The banker’s discount on a sum of money for 1
(a)` 37
(b)` 37.62 2
(c)` 34.38
(d)` 38.98 years is ` 558 and the true discount on the same
Answer
Explanation
B.D. for years = ` 558. B.D. for 2 years 2 2 = ` 558 × × 2 = ` 744. 3 T.D. for 2 years = ` 600. B.D. × T.D. 744 × 600 =` ∴ Sum = = ` 3100. B.D. − T.D. 144 Thus, ` 744 is S.I. on ` 3100 for 2 years. 100 × 744 ∴ Rate = % = 12%. 3100 × 2 B.D. × T.D. 72 × 60 72 × 60
Explanation as extracted from the printed page; notation may be imperfect.
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