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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.

4 months
5 months
6 months
3 months

Correct Answer: 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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