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Bankers Discount - General Aptitude

Q1:

The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

A 3 months

B 4 months

C 6 months

D 8 months

ANS:B - 4 months

S.I. on Rs. 1600 = T.D. on Rs. 1680. Rs. 1600 is the P.W. of Rs. 1680, i.e., Rs. 80 is on Rs. 1600 at 15%.

Time = 100 x 80 year = 1 year = 4 months.
1600 x 15 3