Banker's Discount Practice Test 2

Question : 13 of 40

Marks: +1, -0

The difference between the banker’s discount and the true discount at 3% for 1 year is Rs. 27. Find the sum.

Solution:

T.D.

={B.G.×100}/{\Rate×\Time}

={27×100}/{3×1}=\Rs. 900

P.W.

={100×T.D.}/{\Rate×\Time}

={900×100}/{3×1}

=\Rs. 30,000

Required sum = 30000 + 900 = Rs. 30,900

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