Banker's Discount - Arithmetic Aptitude Questions and Answers

Home / Arithmetic Aptitude / Banker's Discount :: Discussion

The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

Rs. 400

Rs. 360

Rs. 480

Rs. 320

Answer : Option A

Explanation :

T.D. = $\frac { B.D.* 100} {100+(R* T) }$

= Rs. $[\frac { 420*100 } { 100 +[15 *1/3]}]$

= Rs. $[\frac { 400*100 } { 105 } ]$

= Rs. 400

Be The First To Comment

Comments

Name