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The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker's discount and the banker's gain.

Rs.145
Rs.136
Rs.121
Rs.112

Correct Answer: Rs.121

Explanation:

T.D. =Ö(P.W.*B.G)

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

= Rs.[(110x110)/ 1100]

= Rs. 11.

B.D.= (T.D. + B.G.) = Rs. (110 + 11) = Rs. 121.

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