Banker's Discount Practice Test 1

Question : 19 of 40

Marks: +1, -0

If the banker’s discounts on a bill at 5% per annum is Rs 50, find the value of it after 6 months.

Solution:

Face value

={100×BD}/{R×T}

={100×50}/{5×6/12}

=500/{5/2}=2000

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