27. The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker’s discount is :
A. Rs. 37.62 B. Rs. 38.75 C. Rs. 39.40 D. Rs. 39.96
Answer: A.
Explanation:
B.G. = (T.D.)² / P.W. = Rs. [36 * 36 / 800] = Rs. 1.62.
∴ B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62.
