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Banker's Discount

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  1. The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. Find the banker's gain ?
    1. Rs. 1.5
    2. Rs. 2.5
    3. Rs. 4
    4. Rs. 2
Correct Option: D

P.W. = Rs. 1860 - Rs. 60 = Rs. 1800
∴ B.G. = (T.D.)2/P.W. = (60 x 60)/1800 = Rs. 2


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