The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The bankers discount is:
Rs. 37
Rs. 37.62
Rs. 34.38
Rs. 38.98
Explanation:
| B.G. =$ \dfrac{(T.D.)^2}{P.W.} $= Rs.$ \left(\dfrac{36 \times 36}{800} \right) $= Rs. 1.62 |
$\therefore$ B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62