Banker's Discount Practice Test 2

Question : 33 of 40

Marks: +1, -0

Find the true discount on a bill for Rs. 1270 due 7 months hence at 10% per annum.

Solution:

T.D.

={1270×10×7}/{(100+10×7/12)12}

={1270×10×7}/1270=70

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