# Arithmetic Aptitude :: Banker's Discount

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**Discussion**

## 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 :**

There is no Explanation for this answer

**Asked In :: **
IBM

STEP-BY-STEP

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

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