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 3 of 7.

Muhammad Asif said:   1 decade ago
Easy solution
15% rate is for one year so we have to cslculate for 1/3 so its become 5% of 15% 420*100/105=400

Sawma said:   1 decade ago
It was written in the important formulas that,

T.D = B.G x 100/Rate x Time.

Why you use another formula?

Jyothi said:   1 decade ago
How comes this formula T.D. = B.D. x 100 / 100+(R*T)


Atually T.D = Amout*rate*time / 100+(R*T)

Lokambika said:   9 years ago
Bill due is 4 months and for a year, total number of months is 12. So 4/12 = 1/3.
(1)

Ghulam Abbas said:   1 year ago
Simple:

15%/ 12months x 4months = 5%.
420 = X * 105%.
hence, x is equal to 400.
(1)

Namaste prakash said:   2 years ago
15 percent per annum.
Hence;
15 x 4/12 = 15x 1/3= 5;
100 + 5 = 105.
(4)

Siraj said:   1 decade ago
How it comes 420*15%*4/12 =20 as saleem said actually answer is 21

Piyushkantidhara said:   1 decade ago
What is the difference between true discount and banker discount?

Ramapati said:   1 decade ago
What is the difference between true discount and banker discount?

GIRISH said:   10 years ago
I didn't understand TD and BD and BG please anyone explain me?


Post your comments here:

Your comments will be displayed after verification.