The true discount on a bill for Rs. 2814 is Rs. 14 at 2%. Find
how many days before the due date the bill was drawn.
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7Q:
The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
A) 108
B) 115
C) 100
D) 120
Answer: A) 108
Explanation:
P.W. = Rs. (540 - 90) = Rs. 450.
S.I. on Rs. 450 = Rs. 90.
S.I. on Rs. 540 = Rs.( 90 /450)x 540 = Rs. 108.
B.D. = Rs. 108
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