Find the bankar's discount at a bill of ₹ 12750 due

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Find the bankar's discount at a bill of ₹ 12750 due four months hence when rate of interest is 6% per annum ?

1. ₹ 250
2. ₹ 120
3. ₹ 255
4. ₹ 300

Correct Option: C

Given That, A = ₹ 12750, R = 6%
and T = 4 Months = 4/12 = 1/3 yr , BD = ?
According to the formula,
BD = (A x R x T)/100
= [12750 x 6 x (1/3)] / 100
= (12750 x 2) / 100
= ₹ 255