The banker's discount on a bill due 6 months hence at 9% is Rs. 6300. What is the true discount?

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14 Sep 2018 Bankers Discount

The banker's discount on a bill due 6 months hence at 9% is Rs. 6300. What is the true discount?

OPtion

1) 6401.66
2) 6024.96
3) 6078.71
4) 6828.71
5) 6227.52
6) 6028.71
7) 6078.88
8) 6007.23
9) 6011.26
10) None of these

Solution

T.D.=B.D. x 100 /(100 + (R x T))
=> 6300*100/(100+(9*6/12))
=> ~6028.71

Option 6)

Correct Option: 6 Best Solution (0)