Banker's Discount Practice Test 2

Question : 37 of 40

Marks: +1, -0

After what time will the true discount on Rs 2,160 due at 8% p.a. becomes Rs 160?

Solution:

PW = 2,160 - 160 = 2,000
SI on Rs 2,000 at 8% is Rs 160.

\Time ={100×160}/{2000×8}=1\year

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