Banker's Discount Practice Test 1

Question : 21 of 40

Marks: +1, -0

Find the banker’s discounts on a bill of Rs 2,000 due 2 years hence at 5% per annum.

Solution:

Banker’s gain

={A(RT)^2}/{100(100+RT)}

={2000(5×12)^2}/{100(100+5×2)}

={2000×100}/{100×110}=18.18

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