The banker's profit on an amount due in three years at 12% per annum is Rs. 270. The banker's discount is calculated as follows:
A. Rs960
B. Rs840
C. Rs1020
D.Rs 760
Answer:D
The banker's profit on an amount due in three years at 12% per annum is Rs. 270. The banker's discount is calculated as follows:
A. Rs960 B. Rs840 C. Rs1020 D.Rs 760
Explanation: T.D. =B.G. x 100/R x T= Rs.270 x 100/12 x 3 = Rs.750 T.D. =B.G. x 100/R x T= Rs.750 T.D.=B.G. x 100/R x T= Rs.B.D. = Rs. (1020) + Rs.(750 + 270)= Rs 1020.