The true discount on a certain sum due 6 months hence at 15% is Rs. 2…

Question

The true discount on a certain sum due 6 months hence at 15% is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?

Accepted Answer

Option A. Rs. 258. Answer & Solution Answer: Option A Solution: & TD = Rs .\,240 & T = 6\, months\, = 1/2\, year & R = 15\% & TD = BG × 100TR & 240 = BG × 100 ( 1/2 × 15 ) & BG = 240 × 15100 × 2 & \,\,\,\,\,\,\,\,\,\,\, = 120 × 15100 & \,\,\,\,\,\,\,\,\,\,\, = Rs .\,18 & BG = BD - TD & 18 = BD - 2…