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Banker's Discount

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  1. The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. Then the banker's discount is ?
    1. Rs. 37
    2. Rs. 34.38
    3. Rs. 37.62
    4. Rs. 38.98
Correct Option: C

B.G. = (T.D.)2 / P.W. = Rs. (36 x 36) / 800 = Rs. 1.62
∴ B.D. = (T.D.) + (B.G.) = Rs. (36 + 1.62)
= Rs. (37.62)


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