Question:
The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker’s discount is:
[A].Rs. 37
Rs. 37.62
Rs. 34.38
Rs. 38.98
The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker’s discount is:
[A].
[B].
[C].
[D].
Answer: Option B
Explanation:
| B.G. = | (T.D.)2 | = Rs. | 36 x 36 | = Rs. 1.62 | ||
| P.W. | 800 |
B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62