The banker's gain on a sum due 3 years hence at 12% per annum is Rs.

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:

Quiz

Answer/Solution

Rs. 1360

Steps/Work

Explanation :
BG = Rs. 360
T = 3 years
R = 12%
TD = (BG ×100)/TR = (360×100)/(3×12) = Rs. 1000
BG = BD – TD
=> BD = BG + TD = 360 + 1000 = Rs. 1360 Answer : Option A

Gain Calculator / Auto Solver

The banker's gain on a sum due years hence at % per annum is $. The banker's discount is :

Calculated Answer

1360

Step by Step Solution

In order to solve problem, you must evaluate n2 + (n2 * 100) / (n0 * n1).

n0 =3
n1 =12
n2 =360