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





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  • By: guest on 01 Jun 2017 05.44 pm
    B.D. for years = Rs. 558. B.D. for 2 years = Rs. 558 x 2 x 2 3 = Rs. 744 T.D. for 2 years = Rs. 600. Sum = B.D. x T.D. = Rs. 744 x 600 = Rs. 3100. B.D. - T.D 144 Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years. Rate = 100 x 744 % = 12% 3100 x 2
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