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Banker's Discount

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  1. The banker's gain on a sum due 3 years hence at 5% is Rs. 90. The banker's discount is ?
    1. Rs. 690
    2. Rs. 720
    3. Rs. 810
    4. Rs. 150
Correct Option: A

T.D. = (B.G. x 100) / (R x T) = Rs. (90 x 100) / (5 x 3)
= Rs. 600
∴ B.D. = Rs. (600 +90) = Rs. 690


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