The banker’s discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is: A.3 months B.4 months C.6 months D.8 months Show AnswerAnswer=Option B
The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is: A.Rs. 400 B.Rs. 360 C.Rs. 480 D.Rs. 320 Show AnswerAnswer=Option A