Lessons

General Aptitude
35.1 Banker's Discount - General Questions

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Q.

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:

View Answer

Correct choice: B

Explanation:

S.I. on Rs. 1600 = T.D. on Rs. 1680.

∴ Rs. 1600 is the P.W. of Rs. 1680, i.e., Rs. 80 is on Rs. 1600 at 15%.

∴ Time = (100 × 80)/(1600 × 15) year = (1/3) year = 4 months

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