The banker's discount on a bill due 6 months hence at 9% is Rs. 5700. What is the true discount?

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27 Sep 2018 Bankers Discount

The banker's discount on a bill due 6 months hence at 9% is Rs. 5700. What is the true discount?

OPtion

1) 5401.66
2) 5404.96
3) 5494.54
4) 5445.65
5) 5418.88
6) 5429.41
7) 5478.88
8) 5407.23
9) 5411.26
10) None of these

Solution

T.D.=B.D. x 100 /(100 + (R x T))
=> 5700*100/(100+(9*6/12))
=> ~5454.54

Option 10)

Correct Option: 10 Best Solution (3)