Aptitude - Banker's Discount - Discussion

Discussion Forum : Banker's Discount - General Questions (Q.No. 1)
1.
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
Rs. 400
Rs. 360
Rs. 480
Rs. 320
Answer: Option
Explanation:
T.D.
= B.D. x 100
100 + (R x T)
= Rs. 420 x 100
100 + 15 x 1
3
= Rs. 420 x 100
105
= Rs. 400.
Discussion:
70 comments Page 2 of 7.

Nanthini said:   7 years ago
Please, anyone explain me easily.
(2)

Ashish said:   8 years ago
B.G= S.I on T. D.
B.G=(T.D*R*T)/100.
B.D-T.D=(T.D*R*T)/100.
T.D+(T.D*R*T)/100=B.D.
T.D(100+R*T)/100=B.D.
T.D=B.D*100/(100+R*T).
(1)

Nivetha said:   8 years ago
420*100 = 42000,
42000 / (divide)105=400.
(1)

Gopi said:   8 years ago
Thanks for explaining it.

Priti said:   8 years ago
How 420*100/105 =400? please explain anyone.
(1)

Asg said:   8 years ago
Thanks for the explanation.

Jaspreet singh said:   8 years ago
Sir, why I am getting 21?

please help me out 420*15%*4/12 is it the right way I am doing but still, my answer is 21 and your getting 20 please help me.

Thanks in advance.

Bharath chan said:   8 years ago
Hi, all.

The true discount is initial amount Rs.400 (deposit on bank).

The banker's discount is the sum of amount and interest of the amount at particular interest rate (15%).

Rs.420 = 400 + (400x.15x(1/3)) = 400+20.

Tausif said:   8 years ago
Can anyone discuss it in shortcut method?

Naimur rahman said:   9 years ago
Good answer @Mahabur Alam.


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