The present worth of a certain bill due sometime hence is Rs. 800 and the true d

Question

The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The bankers discount is:

Options:

A . Rs. 37

B . Rs. 37.62

C . Rs. 34.38

D . Rs. 38.98

Answer: Option B

B.G. = \(\frac{(T.D.)}{P.W.}^{2} = Rs. \left(\frac{36\times36}{800}\right) = Rs. 1.62\)

So, B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62

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