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Bankers Discount

Q1: The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

A Rs. 960

B Rs. 840

C Rs. 1020

D Rs. 1020

ANS:C - Rs. 1020

T.D. = B.G. x 100 = Rs. 270 x 100 = Rs. 750.
R x T 12 x 3
B.D. = Rs.(750 + 270) = Rs. 1020.



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