55.
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The banker’s discount on a sum of money for 1 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:
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A.
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10%
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B.
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13%
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C.
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12%
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D.
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15%
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Answer: Option C
Explanation:
B.D. for 1 years
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= Rs. 558.
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B.D. for 2 years
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|
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= Rs. 744
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T.D. for 2 years = Rs. 600.
Sum =
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B.D. x T.D.
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= Rs.
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744 x 600
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= Rs. 3100.
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B.D. – T.D
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144
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Thus, Rs. 744 is S.I. on Rs. 3100 for 2 years.
Rate =
|
|
100 x 744
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%
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= 12%
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3100 x 2
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Title : Bankers Discount Q55
Description : 55. The banker’s discount on a sum of money for 1 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The ra...
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