Question

1) The true discount on a bill of Rs. 2700 is
Rs. 200. What is the banker's discount?
A. Rs. 210
B. Rs. 212
C. Rs. 216
D. Rs. 218​

Answer 1

Answer:

Face Value = Rs. 2700

TD = Rs. 200

Present Worth = Face Value - True discount

= 2700 ? 200 = Rs. 2500

True discount is the simple interest on the present value for the unexpired time.

Now, simple interest on Rs. 2500 for unexpired time = Rs. 200

The rate of simple interest = 200/2500 * 100 = 8%

Bankers discount is the simple interest on the face value of the bill for unexpired time, i.e., simple interest on Rs.2700 for unexpired time or remaining time.

R= 8%

Bankers discount = 2700 * 8/100 = Rs.216.

Hopefully this information is helpful.

Thankyou.