Banker's Discount Practice Test 2

Question : 27 of 40

Marks: +1, -0

The bankers discount on Rs 2,100 at 8% p.a.is equal to the true discount on Rs 2,220 atthe same rate and time. Find the time.

Solution:

SI of Rs 2,100 = TD on Rs 2,220
⇒ P.W of Rs 2,220 is Rs 2,100
⇒ Rs 120 is the SI on Rs 2,100 at 8% p.a.
⇒ Time =

{SI×100}/{P×R}

Time =

{120×100}/{2,100×8}

5/7

year = more than 8 months

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