1.

The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker's discount and the banker's gain.

Answer»

T.D. = (P.W.*B.G) 

B.G. =(T.D.)2/ P.W. 

= Rs.[(110 x 110)/ 1100] 

= Rs. 11. 

B.D.= (T.D. + B.G.) = Rs. (110 + 11) = Rs. 121.



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