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0 votes
1.5k views
in Mathematics by (63.8k points)

If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?

1 Answer

+1 vote
by (57.6k points)
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Best answer

B.G. = S.I. on T.D. 

= Rs.(120 x 15 x 1/2 x 1/100) 

= Rs. 9. 

(B.D.) - (T.D.) = Rs. 9. 

B.D. = Rs. (120 + 9) = Rs. 129.

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