Banker's Discount Practice Test 2

Question : 32 of 40

Marks: +1, -0

The banker’s discount on Rs 2,000 at 8% is equal to the true discount on Rs 2,200 for the same time and at the same rate. Find the time.

Solution:

g = 2,200, x = 2,000
Time

=100/R({y-x}/x)

=100/8({2200-2000}/2000)

=100/8×200/2000

=20000/16000=1.25\year

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