Banker's Discount Practice Test 2

Question : 26 of 40

Marks: +1, -0

The true discount on Rs 1,800 due after some time at 10% p.a. is Rs 180. Find the time taken.

Solution:

PW = 1,800 - 180 = Rs 1,620
SI on Rs 1,620 at 15% p.a. is Rs 80
Time

={180×100}/{1620×10}

=10/9=1 1/9\year

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