InterviewSolution
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The True Discount On A Bill Of Rs. 2160 Is Rs. 360. What Is The Banker's Discount? |
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Answer» F = Rs. 2160 TD = Rs. 360 PW = F - TD = 2160 - 360 = Rs. 1800 True Discount is the SIMPLE Interest on the PRESENT value for unexpired time =>Simple Interest on Rs. 1800 for unexpired time = Rs. 360 Banker's Discount is the Simple Interest on the face value of the BILL for unexpired time = Simple Interest on Rs. 2160 for unexpired time =360/1800×2160=1/5×2160=Rs. 432. F = Rs. 2160 TD = Rs. 360 PW = F - TD = 2160 - 360 = Rs. 1800 True Discount is the Simple Interest on the present value for unexpired time =>Simple Interest on Rs. 1800 for unexpired time = Rs. 360 Banker's Discount is the Simple Interest on the face value of the bill for unexpired time = Simple Interest on Rs. 2160 for unexpired time =360/1800×2160=1/5×2160=Rs. 432. |
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