The banker's discount on a bill due 8 months hence at 11% is Rs. 4700. What is the true discount?

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22 Jun 2018 Bankers Discount The banker's discount on a bill due 8 months hence at 11% is Rs. 4700. What is the true discount?: OPtion
1) 4301.66
2) 4304.96
3) 4306.65
4) 4308.65
5) 4318.88
6) 4309.06
7) 4378.88
8) 4307.23
9) 4311.26
10) None of these; Correct Option: 7 Best Solution (6)

G.S.Kantharao 6 years AGO

True Discount =Bankers Discount*(100/100+RT)
=4700*(100/100+8*11/12)
=4700*(100/107.3333)=₹4378.88
My option is 7👈

Like? Yes (1) | No

SAYAN CHATTERJEE 6 years AGO

P(1+11/100*8/12)= 4700
So, P = 4378.88.
Option 7.

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Kariamal 6 years AGO

TD=4700*100/100+(11*2/3)
TD=4378.88

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Sangeetha S 6 years AGO

T.D = B.D *100/(100+(Rate*Time))
= 4700*100/(100+(8*11/12))
= 470000/107.3333
= 4378.88

Like? Yes | No

KANIMOZHI M 6 years AGO

Total Discount= Banker Discount*100/100+(rate*time)
=4700*100/100+(11*(8/12))
=470000/100+(322/3)
=4378.88

Like? Yes | No

Vishnuvarthini K 6 years AGO

Total discount= Bank discount*100/100+(rate*time)
=4700*100/100+(11*(8*12))
=4378.88

Like? Yes | No

Dimple

India

Punjab

Time: 00:01:33

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The banker's discount on a bill due 8 months hence at 11% is Rs. 4700. What is the true discount?

M4maths Previous Puzzles

22 Jun 2018 Bankers Discount