The present worth of a bill due sometime hence is Rs. 1100 and the tr…

Question

The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker’s discount and the banker’s gain.

Accepted Answer

Option B. 121. Answer & Solution Answer: Option B Solution: & T.D. = P.W. × B.G. & B.G. = ( T.D. )^2P.W. & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs .\, 110 × 1101100 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs .\,11 & B.D. = T.D. + B.G. & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs .\,110 +…