Banker's Discount - Arithmetic Aptitude Questions and Answers

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The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:

Rs. 20

Rs. 24

Rs. 16

Rs. 12

Answer : Option C

Explanation :

B.G. = \( \frac {(T.D)^2 } { P.W } \) = Rs.\([\frac { 1 60 *160} { 1600 } ]\)= Rs. 16

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