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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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