The current value of a bill due in the future is Rs. 800, and the real discount is Rs. 36. The banker's discount is calculated as follows:
A. Rs. 37
B. Rs. 37.62
C. Rs. 34.38
D. Rs. 38.98
Answer:C
The current value of a bill due in the future is Rs. 800, and the real discount is Rs. 36. The banker's discount is calculated as follows:
A. Rs. 37 B. Rs. 37.62 C. Rs. 34.38 D. Rs. 38.98