Banker's Discount Practice Test 1

Question : 25 of 40

Marks: +1, -0

The banker’s gain on a bill due 6 months hence at 12% is Rs 210. The bankers discount is:

Solution:

TD={BG×100}/{R×T}={210×100×12}/{12×6}

∴ BD = Rs (3,500 + 210) = Rs 3,710

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