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:
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
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