The banker's discount on a bill due 12 months hence at 13% is Rs. 2017. What is the true discount?

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13 Dec 2017 Bankers Discount

The banker's discount on a bill due 12 months hence at 13% is Rs. 2017. What is the true discount?

OPtion

1) 1781.66
2) 1784.96
3) 1785.23
4) 1782.78
5) 1783.36
6) 1788.06
7) 1789.92
8) 1786.23
9) 1787.26
10) None of these

Solution

T.D.=B.D. x 100 /(100 + (R x T))
=> 2017*100/(100+(13*12/12))
=> ~1784.96

Option 2)

Correct Option: 2 Best Solution (7)