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The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:

Rs. 37
Rs. 37.62
Rs. 34.38
Rs. 38.98

Correct Answer: Rs. 37.62

Explanation:

B.G. =	(T.D.)²	= Rs.	❨	36 x 36	❩	= Rs. 1.62
	P.W.			800

∴ B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62

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