The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

1.

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

[A].	Rs. 960
[B].	Rs. 840
[C].	Rs. 1020
[D].	Rs. 760

Answer: Option C

Explanation:

T.D. =		B.G. x 100		= Rs.		270 x 100		= Rs. 750.
		R x T				12 x 3

B.D. = Rs.(750 + 270) = Rs. 1020.

Leave a Comment

Aptitude :: Banker's Discount : More Exercises

Banker's Discount - General Questions