Aptitude - Banker's Discount - Discussion

Discussion Forum : Banker's Discount - General Questions (Q.No. 3)
The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
Rs. 480
Rs. 520
Rs. 600
Rs. 960
Answer: Option

T.D. = B.G. x 100 = Rs. 24 x 100 = Rs. 120.
Rate x Time 10 x 2

P.W. = 100 x T.D. = Rs. 100 x 120 = Rs. 600.
Rate x Time 10 x 2

27 comments Page 1 of 3.

Jamshaid said:   1 year ago
Only 120 is the answer.

Bhaskar Reddy said:   4 years ago
BD-TD=24, So
Take BD in terms of TD I,.e BD=TD(100+rt)/100.
Substitute in above and take TD as common& solve TD,
You will get True discount 120,
Take TD=PW*rt/100 basic formulae,
We get PW as 600.

Amruth said:   4 years ago
According to the first problem.

TD= B.D*100/ 100+R*T.

Please explain.

Vishakha said:   5 years ago
What is the difference between BG and TD?

Harshita said:   5 years ago
Why didn't we add 100 in the denominator? Please tell me.

Habibur Rahman said:   6 years ago
I really don't understand why has come TD here?

I think p=SI/nr where p is the principle and it should be asked answer and it's 120.

BHAVADIP said:   6 years ago
True Discount and bankers discount in which lots of the discount.

BD is Actually Simple Intrest And banker TD is After the discount.

Vijay said:   7 years ago
What is true discount mean?

Divya said:   8 years ago
What is B.G?

Is this difference between true discount and bankers discount?

Sakthivel MRSD said:   8 years ago
T.D = B.G*100/R*T.

= 24*100/10*2.

T.D = 120.

P.W = 100*T.D/R*T.

= 12000/20.

P.W = 600.

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