Discussion Forum : Bankers Discount
Question -
Find the banker’s gain, if the present worth of a certain amount is Rs.2400 and the true discount is Rs.120.
Answer: Option B
$$\eqalign{
& {\text{Banker's}}\,{\text{Gain}} \cr
& = \frac{{{{\left( {T.D.} \right)}^2}}}{{P.W.}} \cr
& = \frac{{{{\left( {120} \right)}^2}}}{{2400}} \cr
& = \frac{{14400}}{{2400}} \cr
& = {\text{Rs}}{\text{.}}\,6 \cr} $$
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$$\eqalign{
& {\text{Banker's}}\,{\text{Gain}} \cr
& = \frac{{{{\left( {T.D.} \right)}^2}}}{{P.W.}} \cr
& = \frac{{{{\left( {120} \right)}^2}}}{{2400}} \cr
& = \frac{{14400}}{{2400}} \cr
& = {\text{Rs}}{\text{.}}\,6 \cr} $$
Was this answer helpful ?
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