Banker's Discount Practice Test 1

Question : 28 of 40

Marks: +1, -0

The true discount on a bill of Rs 620 is Rs 31.Then the banker’s discount is:

Solution:

PW = Rs (620 - 31) = Rs 589
SI on Rs 589 = Rs 31
SI on Rs 620 =

31/589× 620

= Rs 32.63
∴ BD = Rs 32.63

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