120.What Search

If the true discount on a certain sum due 6 months hence at 15% is Rs 120.What is the bankers discount on the same for same time and the same rate.

A) Rs.109	B) Rs.119
C) Rs.129	D) Rs.139

Answer & Explanation Answer: C) Rs.129

Explanation:

B.G = S.I On T.D

= Rs. (120 * 15 * 1/2 * 1/100)

= Rs.9

B.D - T.D = Rs.9

B.D = Rs.(120 +9) = Rs.129

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Filed Under: Banker's Discount