15.The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:
A. Rs. 960 B. Rs. 840
C. Rs. 1020 D. Rs. 760
Answer: Option C
Explanation:
T.D. =
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B.G. x 100
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= Rs.
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270 x 100
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= Rs. 750.
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R x T
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12 x 3
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B.D. = Rs.(750 + 270) = Rs. 1020.
