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.
Rohit said:
3 years ago
FOR TWO YEARS THE BD IS:
588 * (2/3) * 2 = 784. (not 744).
The final answer comes out to be 16.6667.
588 * (2/3) * 2 = 784. (not 744).
The final answer comes out to be 16.6667.
Tarun said:
3 months ago
1*1/2 = 18months.
2 = 24months,
18m = 558rs,
24m = ?
1m = 31rs.
24m = 744rs.
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%
2 = 24months,
18m = 558rs,
24m = ?
1m = 31rs.
24m = 744rs.
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%
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