Bankers Discount
Q1:
The banker's discount on a sum of money for 1 |
years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:
B.D. for  years |
= Rs. 558. | |||||||
| B.D. for 2 years |
|
|||||||
| = Rs. 744 |
 Sum = |
B.D. x T.D. | = Rs. |  |
744 x 600 |  |
= Rs. 3100. |
| B.D. - T.D | 144 |
| Rate = |
|
100 x 744 | % |
= 12% |
| 3100 x 2 |
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