The banker's discount on a bill due 15 months hence at 6% is Rs. 2170. What is the true discount?

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30 Nov 2018 Bankers Discount

The banker's discount on a bill due 15 months hence at 6% is Rs. 2170. What is the true discount?

OPtion

1) 2001.66
2) 2004.96
3) 2054.54
4) 2018.60
5) 2027.52
6) 2029.41
7) 2078.88
8) 2007.23
9) 2011.26
10) None of these

Solution

T.D.=B.D. x 100 /(100 + (R x T))
=> 2170*100/(100+(6*15/12))
=> ~2018.60

Option 4)

Correct Option: 4 Best Solution (0)