Aptitude - Banker's Discount - Discussion

Discussion Forum : Banker's Discount - General Questions (Q.No. 3)
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
Explanation:

 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

Discussion:
27 comments Page 1 of 3.

Jamshaid said:   2 years ago

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:   5 years ago
According to the first problem.

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

Vishakha said:   6 years ago
What is the difference between BG and TD?

Harshita said:   6 years ago

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.

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:   8 years ago
What is true discount mean?

Divya said:   9 years ago
What is B.G?

Is this difference between true discount and bankers discount?

Sakthivel MRSD said:   9 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.