Banker's Discount - Arithmetic Aptitude Questions and Answers

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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

Answer : Option B

Explanation :

B.G. = \( \frac { (T.D)^2 } {P.W } \) = Rs. [\(\frac { 36*36 } { 800 } ]\) Rs.1.62

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

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