Banker's Discount Practice Test 1

Question : 30 of 40

Marks: +1, -0

The present worth of a sum due sometimes hence is Rs 1,800 and the true discount is Rs 25. The banker’s gain is:

Solution:

SI on Rs 1,800 is Rs 25.
SI on 1,825 =

25/1800× 1,825

= Rs 25.35
TD = Rs 25 and BD = 25.35
BG = BD - TD = 25.35 - 25 = Rs 0.35

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