ABC26GN5421 · Banker’s Discount

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

The banker’s gain on a bill due 1 year hence at 12% 11 hence is of the true discount. The rate percent is per annum is ` 6. The true discount is 10

(a)` 72 11%

(b)` 36 (M.A.T., 2005) 10%

(c)` 54

(d)` 50

Answer

Answer (as printed): D

Explanation

T.D. = =`  = ` 50. R×T  12 × 1  B.D. × 100  420 × 100 

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