Q:
The bankers 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: A) 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 * 72)/(12 * 1800)
= 1/3 years = 4 months
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