The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The ba

Question

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

Options:

A . Rs. 960

B . Rs. 840

C . Rs. 1020

D . Rs. 760

Answer: Option C

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Question 1. The banker's discount on a sum of money for $$1\frac{1}{2}$$ years is Rs. 558 and the true discount on the same sum for ....for 2 years is Rs. 600. The rate percent is:

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