Curioustab

Home » Aptitude » Banker's Discount

The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:

290
480
360
420

Correct Answer: 360

Explanation:

Sum =(B.D. x T.D.)/(B.D. - T.D.)

= Rs. (72 x 60) / (72 - 60)

= Rs. (72 x 60) /12

= Rs. 360.

← Previous Question Next Question→

More Questions from Banker's Discount

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.
The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:
What is the present worth of a bill of Rs.1764 due 2 years hence at 5% compound interest is
The B.D. and T.D. on a certain sum is Rs.200 and Rs.100 respectively. Find out the sum.

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion