The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?
Answers
Answered by
0
Step-by-step explanation:
Solution 1
BD for
3
years
=
1116
BD for
4
years
=
1116
3
×
4
=
1488
TD for
4
years
=
1200
F
=
BD
×
TD
BD
−
TD
=
1488
×
1200
1488
−
1200
=
6200
BD
=
FRT
100
⇒
1488
=
6200
×
R
×
4
100
⇒
R
=
6
Solution 2
BD for
3
years
=
1116
BD for
4
years
=
1116
3
×
4
=
1488
TD for
4
years
=
1200
BG
=
1488
−
1200
=
288
BG
=
TD
×
RT
100
⇒
288
=
1200
×
R
×
4
100
⇒
R
=
6
Answered by
0
Answer:
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Step-by-step explanation:
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