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Discussion :: Banker's Discount

  1. The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

  2. A.

    3 months

    B.

    4 months

    C.

    6 months

    D.

    6 months

    View Answer

    Workspace

    Answer : Option B

    Explanation :

    S.I. on Rs. 1600 = T.D. on Rs. 1680.

     

     Rs. 1600 is the P.W. of Rs. 1680, i.e., Rs. 80 is on Rs. 1600 at 15%.

     

     Time = \([\frac { 100*80 } {1600*15 }]\)year = \(\frac { 1 } { 3 } \) year= 4 months

     


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