Question

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is

Answer 1

bankers discount is 1020 i think
check it

Answer 2

Given:

• The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270.

ㅤ

Find:

• The banker's discount is.

ㅤ

Using formula:

★ Principal = Interest × 100/Rate × Time.

★ Discount = Principal + Interest.

ㅤ

Calculations:

=> Principal = 270 × 100/12 × 3

=> Principal = 750

ㅤ

=> Discount = 750 + 270

=> Discount = 1020

ㅤ

Hence, 1020 is the bankers discount.