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Q:

The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is

Rs. 160. The banker's gain is:

A) 15 B) 16
C) 14 D) 13

Answer:   B) 16



Explanation:

B.G. =(T.D.)^2/P.W.

      = Rs. (160*160)/1600 = Rs. 16.

Subject: Banker's Discount
Related Questions
Q:

If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?

A) 50 B) 129
C) 100 D) 160
 
Answer & Explanation Answer: B) 129

Explanation:

B.G. = S.I. on T.D.

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

  = Rs. 9.

(B.D.) - (T.D.) = Rs. 9.

 

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

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