Banker's Discount Practice Test 1

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Question : 10 of 40

Marks: +1, -0

The SI and TD on a certain sum due 3 years 2 months hence at 5.6% p.a. rate are Rs 91and Rs 78 respectively. Then the sum due is:

Rs 848
Rs 546
Rs 648
Rs 456
Cannot be determined

Solution:

Sum due

={SI×TD}/{SI-TD}

={91×78}/13=546

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