Question
The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:
Answer: Option C
$$\eqalign{
& T.D. = {\frac{{B.G. \times 100}}{{R \times T}}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,\left( {\frac{{270 \times 100}}{{12 \times 3}}} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,750 \cr
& \therefore B.D. = Rs.\left( {750 + 270} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,1020 \cr} $$
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$$\eqalign{
& T.D. = {\frac{{B.G. \times 100}}{{R \times T}}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,\left( {\frac{{270 \times 100}}{{12 \times 3}}} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,750 \cr
& \therefore B.D. = Rs.\left( {750 + 270} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,1020 \cr} $$
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