Bankers Discount - General Aptitude

The banker's gain on a certain sum due 1 1 years hence is 3 of the banker's

2 25

discount. The rate percent is:

5	1	%
	5

9	1	%
	11

8	1	%
	8

6	1	%
	6

ANS:B -

9	1	%
	11

Let, B.D = Re. 1.

Then, B.G. = Re.	3	.
	25

T.D. = (B.D. - B.G.) = Re.		1 -	3		= Re.	22	.
			25			25

Sum =		1 x (22/25)		= Rs.	22	.
		1-(22/25)			3

S.I. on Rs.	22	for 1	1	years is Re. 1.
	3		2

Rate =

100 x 1

=	100	= 9	1	%.
	11		11

22	x	3
3	x	2