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1. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
(A): Rs. 320
(B): Rs. 360
(C): Rs. 400
(D): Rs. 480
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By: guest on 01 Jun 2017 05.44 pm
T.D. = B.D. x 100 100 + (R x T) = Rs. 420 x 100 100 + 15 x 1 3 = Rs. 420 x 100 105 = Rs. 400.
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