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Arithmetic Aptitude :: Banker's Discount

1. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

Answer: Option C

Explanation :

Let Amount=X



Banker's Gain (B.G)  =  Banker's Discount (B.D) - True Discount (T.D)



270   = (X*12*3)/100 - (X*12*3)/(100 (12*3))



X=2833.33



B.D=2833.33*12*3/100



B.D=1020



So Option C is correct

Asked In :: IBM

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