Banker's Discount Practice Test 2

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Question : 23 of 40

Marks: +1, -0

The true discount on Rs 2,000 due after a certain time at 5% per annum is Rs 30. Find the time after which it is due.

$3000/9985$ years
$3000/9965$ years
$3000/9685$ years
$3000/9983$ years
None of these

Solution:

Time

={100×TD}/{(A-TD)×R}

={100×30}/{(2000-30)5}

=3000/9985

years

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