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What is the correct answer?

4

The banker's discount on Rs.1600 at 15% per annum is the same as true discount on Rs.1680 for the same time and at the same rate. The time is?

A. 3 months

B. 4 months

C. 6 months

D. 8 months

Correct Answer :

B. 4 months


S.I on Rs.1600=T.D on Rs.1680Rs.1600 isthe P.W of Rs>1680Rs.80 is S.I onRs.1600 at 15%Time=100×801600×15year=13 year=4 months 

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C. 34.38

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The gain on abill due 1 year hence at 12% per annum is Rs.6. The true discount is?

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