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Bankers Discount

Q1:
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:

A
5 1 %
5

B
9 1 %
11

C
8 1 %
8

D
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 2



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