Banker's Discount Practice Test 3

Question : 4 of 12

Marks: +1, -0

The banker’s gain on a sum due 3 years hence at 16% p.a. is Rs 1,140. Then the true discount is:

Solution:

TD=

{BG×100}/{R×T}

= {1,140×100}/{16×3} =

Rs 2,375
Banker’s discount = Rs (1,140 + 2,375) = Rs 3,515

Go to Question:

Prev Question

Next Question