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The bankers gain on a sum due 3 years hence at 12% per annum is Rs. 270. The bankers discount is:

Rs. 960
Rs. 840
Rs. 1020
Rs. 760
Explanation:
T.D. =$ \left(\dfrac{B.G. \times 100}{R \times T} \right) $= Rs.$ \left(\dfrac{270 \times 100}{12 \times 3} \right) $= Rs. 750.

$\therefore$ B.D. = Rs.(750 + 270) = Rs. 1020.

Additional Questions

A bill for Rs. 6000 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the bankers discount, true discount, bankers gain and the money that the holder of the bill receives.

Answer

If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the bankers discount on the same.

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The bankers discount on Rs. 1800 at 12% per annum is equal to the true discount on Rs. 1872 for the same time at the same rate. Find the time.

Answer

The bankers discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively.

Answer

The true discount on a bill due 9 months hence at 12%
per annum is Rs. Find the amount of the bill and its present
worth.

Answer

The true discount on a certain sum of money due 3 years hence is Rb. 250 and the simple interest on the same sum for the same time and at the same rate is Rs. 375. Find the sum and the rate percent.

Answer

The difference between the simple interest and true
discount on a certain sum of money for 6 months at 12—% per annum is Rs. 25. Find the sum.

Answer

A bill falls due in 1 year. The creditor agrees to accept
immediate payment of the half and to defer the payment of the
other half for 2 years. By this arrangement
ins Rs. 40. What is the amount of the bill, if the money be
worth 12-z% ?

Answer

The bankers discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively. Find the sum and the rate percent.

Answer

The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the bankers discount and the bankers gain.

Answer
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