Banker's Discount Practice Test 1

Question : 31 of 40

Marks: +1, -0

If the interest on Rs. 50 at

4 1/ 2 %

be equal to the discount of Rs. 59 for the same time and at the same rate when is the latter sum due?

Solution:

Here,

{50×9×T}/{100×2}

={59×9×T}/{[100+(9/2T)]2}

⇒200 + 9T = 236

⇒ 9T = 36

∴ T = 4 \years

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