Banker's Discount Practice Test 1

Question : 17 of 40

Marks: +1, -0

Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due half of the former time if rate of interest being the same?

Rs. 10.40
Rs. 11
Rs. 11.40
Rs. 12

Validate

Solution:

Here, S.I. on (Rs. 260 – Rs. 20) for a certain time = Rs. 20
hence, S.I. on Rs. 240 for a half the time = Rs. 10
Then. T.D. on Rs. 250 = Rs. 10
Since, T.D. on Rs. 260 =

10/250 × 260

= Rs. 10.40

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