The banker's discount on a bill due 9 months hence at 12% is Rs. 3300. What is the true discount?

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14 Nov 2018 Bankers Discount

The banker's discount on a bill due 9 months hence at 12% is Rs. 3300. What is the true discount?

OPtion

1) 3401.66
2) 3004.96
3) 3054.54
4) 3445.65
5) 3027.52
6) 3029.41
7) 3078.88
8) 3007.23
9) 3011.26
10) None of these

Solution

T.D.=B.D. x 100 /(100 + (R x T))
=> 3300*100/(100+(12*9/12))
=> ~3027.52

Option 5)

Correct Option: 5 Best Solution (2)