Question:
The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker’s discount is:
[A].Rs. 960
Rs. 840
Rs. 1020
Rs. 760
The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker’s discount is:
[A].
[B].
[C].
[D].
Answer: Option C
Explanation:
| T.D. = | B.G. x 100 | = Rs. | 270 x 100 | = Rs. 750. | ||||
| R x T | 12 x 3 |
B.D. = Rs.(750 + 270) = Rs. 1020.