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 6 of 7.

Divya said:   1 decade ago
How T=1/3 ?

Jai Gupta said:   1 decade ago
How to come B.D.=(A*R*T)/100;
T.D.=(A*R*T)/[100+(R*T)];
THEN T.D.=[(A*R*T)*(100/100)]/[100+(R*T)];
T.D.=[((A*R*T)/(100))*100]/[100+(R*T)];
T.D.=BD.*100/[100+(R+T)]

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

Amit said:   1 decade ago
Can anyone tell me a clear definition of true discount and bankers discount. I have a lot of confusion with the theory.

Please. I have to appear in a test before 19th nov.

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

K shravanreddy said:   1 decade ago
Actually what is the difference between T. D, S. I and B. D.

Jessi said:   1 decade ago
What is the need to sub 20. Saleem said in short cut.

Siva said:   1 decade ago
Why we put 100?

Mannoj kumar 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)

--------------------------------------------------------------------------------
B.D = amount*rate*time/100

T.D = (amount*rate*time/100)*100/100+(rate*time)
= amount*rate*time/100+(rate*time)

Sundar said:   1 decade ago
TD - True Discount
PW - Present Worth


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