The bankers gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
Rs. 200
Rs. 100
Rs. 150
Rs. 250
Explanation:
$TD =\dfrac{BG \times 100}{TR}$
$= \dfrac{20 \times 100}{1 \times 10}= Rs.200$
Next Question
The bankers gain on a sum due 3 years hence at 12% per annum is Rs. 270. The bankers discount is: