Banker's Discount Practice Test 2

Question : 7 of 40

Marks: +1, -0

The banker's gain on a sum due 3 years hence at 12% p.a. is Rs. 270. What is the banker's discount?

Solution:

T.D. =

{B.G.×100}{R ×T}

={ 270× 100}/{12 ×3}

= Rs. 750
Hence, B.D. = 750 + 270 = Rs. 1020

Go to Question:

Prev Question

Next Question