The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
a. 400 b. 360 c. 480 d. 320
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Answer:
True Discount = (B.D x 100) / (100 + (R+T))
= Rs (420 x 100 ) / (100 + (15x 1/3))
= Rs (420 x 100 ) /105
= Rs 400
a. 400 b. 360 c. 480 d. 320
Post your answer's through comment...
Answer:
True Discount = (B.D x 100) / (100 + (R+T))
= Rs (420 x 100 ) / (100 + (15x 1/3))
= Rs (420 x 100 ) /105
= Rs 400
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