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Discussion :: Banker's Discount

  1. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

    2. A.

    Rs. 400
    B.

    Rs. 360
    C.

    Rs. 480
    D.

    Rs. 320

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    Answer : Option A

    Explanation :

    T.D.  = \(\frac { B.D.* 100} {100+(R* T) } \)

         

           = Rs.\([\frac { 420*100 } { 100 +[15 *1/3]}] \)

         

           = Rs. \([\frac { 400*100 } { 105 } ] \)

         

           = Rs. 400

     

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