Question

describe about the bankers gain with suitable examples​

Answer 1

Answer:

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Answer 2

Bankers gain with suitable examples

Step-by-step explanation:

• The interest on the bill value (face value) is called the banker's discount and the difference between the banker's discount and the actual discount (TD) is called the banker's Gain(BG).

• Banker's profit = Banker's discount - True discount

BG = Interest on Amount Payable for Unexpired Time - No Present Value Interest for Unexpired Time

= Interest on (Amount Payable - Present Value)

Interest on (Amount Payable - Present Value) = interest on actual discount

The present value of the bill is calculated as follows:

PV * (1+R*T) = FV

PV = Present Value

R = interest rate

t = time