The bankers gain on a sum due 3 years hence at 12% per annum is Rs. 270. The ban

Question

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

Options:

A . Rs. 960

B . Rs. 840

C . Rs. 1020

D . Rs. 760

Answer: Option C

T.D. = \(\left(\frac{B.G.\times100}{R\times T}\right)=Rs. \left(\frac{270\times100}{12\times3}\right)= Rs. 750\)

B.D. = Rs.(750 + 270) = Rs. 1020.

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