Banker's Discount Practice Test 1

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Question : 3 of 40

Marks: +1, -0

The sum due 219 days hence whose present worth at

5 1/ 2 %

of Rs. 400 is :

Rs. 300
Rs. 312
Rs. 390
Rs. 413.20

Solution:

T =219/365=3/5 \year

T.D. =

400 ×11/{2 ×100} ×3/ 5

= Rs. 13.20
Hence, S.D. = 400 + 13.20 = Rs. 413.20

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