Q:
The banker's discount on Rs. 1800 at 12% per annum is equal to the true discount on Rs. 1872 for the same time at the same rate. Find the time.
Answer & Explanation
Answer: D) 4 months
Explanation: S.I. on Rs. 1800 = T.D. on Rs. 1872.
P.W. of Rs. 1872 is Rs. 1800.
Rs. 72 is S.I. on Rs. 1800 at 12%.
Time =[(100 x 72)/ (12x1800)]year
=1/3year = 4 months.
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