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

discount is:

A) 1315	B) 1150
C) 1020	D) 980

Answer: C) 1020

Explanation:

T.D. =(B.G*100)/(R*T)=Rs(270*100)/(12*3) = Rs. 750.

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

Subject: Banker's Discount