Banker's Discount Practice Test 1

Question : 32 of 40

Marks: +1, -0

The true discount on a certain sum of money due 5 years hence is Rs 300 and the simple interest on the same sum for the same time and at the same rate is Rs 400. Find the sum.

Rs 1,400
Rs 1,255
Rs 1,250
Rs 1,200
None of these

Validate

Solution:

Sum

={SI×TD}/{SI-TD}={400×300}/{400-300}

=120000/100=1200

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