The banker's discount on a bill due 8 months hence at 15% is Rs. 1947. What is the true discount?

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14 Aug 2017 Bankers Discount

The banker's discount on a bill due 8 months hence at 15% is Rs. 1947. What is the true discount?

OPtion

OPTION
1) 1770
2) 1857
3) 1950
4) 1750
5) 1942
6) 1870
7) 1707
8) 1907
9) 1850
10) None of these

Solution

T.D.=B.D. x 100 /(100 + (R x T))
=> 1947*100/(100+15*8/12)
=> 1947*100/110
=> 1770

Correct Option: 1 Best Solution (6)