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.

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Accepted Answer

T.D. =Ö(P.W.*B.G) B.G. =(T.D.)2/ P.W. = Rs.[(110x110)/ 1100] = Rs. 11.

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.

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