Aptitude - Banker's Discount - Discussion
Discussion Forum : Banker's Discount - General Questions (Q.No. 4)
4.
The banker's discount on a sum of money for 1
years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:
years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:
Answer: Option
Explanation:
B.D. for  years |
= Rs. 558. | |||||||
| B.D. for 2 years |
|
|||||||
| = Rs. 744 |
T.D. for 2 years = Rs. 600.
 Sum = |
B.D. x T.D. | = Rs. |  |
744 x 600 |  |
= Rs. 3100. |
| B.D. - T.D | 144 |
Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years.
| Rate = |
|
100 x 744 | % |
= 12% |
| 3100 x 2 |
Discussion:
22 comments Page 3 of 3.
Krishna said:
1 decade ago
Given banker's discount(b.d) for 3/2 yrs = 558
then banker's discount(b.d) for 2 yrs = x
x=(558*2)/(3/2)
x=744
we know
t.d=(b.d*100)/(100+(r*t))
600=(744*100)/(100+(r*2))
Therefore, r=12%
then banker's discount(b.d) for 2 yrs = x
x=(558*2)/(3/2)
x=744
we know
t.d=(b.d*100)/(100+(r*t))
600=(744*100)/(100+(r*2))
Therefore, r=12%
(1)
S.v.s Rama chaitanya said:
1 decade ago
how bankers discount for 2yr's has taken .it is given for true discount only
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