The banker’s discount on Rs. 2,400 at 15% per annum is Rs. 180. For how long is the bill drawn?
Correct answer B. 6 months
Explanation
Using BD = F × R × T/100: 180 = 2,400 × 15 × T/100 = 360T, so T = 0.5 year, which is 6 months.
Answer checked How we write and check questions
Discussion