find the banker’s gain, if the present worth of a certain amount is rs.2400

Question

find the banker’s gain, if the present worth of a certain amount is rs.2400 and the true discount is rs.120.

Options:

A . Rs. 5

B . Rs. 6

C . Rs. 7

D . Rs. 8

Answer: Option B
Explanation :

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Question 1. 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?

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Question 7. a bill for rs. 6000 in drawn on july 14 at 5 months. it is discounted on 5 th october at 10% . find the banker's disco....and the money that the holder of the bill recei

Question 8. 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 sane ....sum for the time and at the same rate ?

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