Q:
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.
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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