Banker's Discount Practice Test 1

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Question : 36 of 40

Marks: +1, -0

Find the difference between the simple interest and true discount on Rs 800 due 3 years hence at 5% per annum simple interest.

Rs 837.20
Rs 920.20
Rs 900.00
Rs 820.45
None of these

Solution:

SITD

={A×(RT)^2}/{100(100+RT)}

={800×(5×3)^2}/{100(100+5×3)}=837.20

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