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:
Answer: Option
Explanation:
| T.D. |
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Discussion:
70 comments Page 3 of 7.
Anu said:
9 years ago
How can we take rate = 15% directly?
MOLLAH said:
9 years ago
Nice question and excellent solution. Thanks!
Raama said:
9 years ago
How can we define T.D other than the formula, just like B.D?
Sweety said:
9 years ago
How 4\12 came? Explain me.
Svs said:
9 years ago
How 1/3 came? Not getting this.
Smitha said:
9 years ago
1/3 because they said 4 months.
We know that 12months = 1 year hence,
4months = ?
Which is (4months * 1year) ÷ 12months.
Which is 1/3 year.
We know that 12months = 1 year hence,
4months = ?
Which is (4months * 1year) ÷ 12months.
Which is 1/3 year.
N.Rajashekar said:
9 years ago
How 105 came?
Naimur rahman said:
9 years ago
Good answer @Mahabur Alam.
Tausif said:
8 years ago
Can anyone discuss it in shortcut method?
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.
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.
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