Banker's Discount Practice Test 2

Question : 19 of 40

Marks: +1, -0

The true discount on a bill due 3 years hence at 10% per annum is Rs 300. Find the amount of the bill.

Solution:

Amount

=TD[1+100/{R×T}]

=300[1+100/{10 ×3}]

=300[130/30]=1300

Go to Question:

Prev Question

Next Question