Bankers Discount Q33

33.	The banker's gain on a certain sum due 1 1 years hence is 3 of the banker's 2 25 discount. The rate percent is:
	A 5 1 % 5 B 9 1 % 11 C 8 1 % 8 D 6 1 % 6

Answer: Option B

Explanation:

Let, B.D = Re. 1.

Then, B.G. = Re.	3	.
	25

T.D. = (B.D. - B.G.) = Re.		1 -	3		= Re.	22	.
			25			25

Sum =		1 x (22/25)		= Rs.	22	.
		1-(22/25)			3

S.I. on Rs.	22	for 1	1	years is Re. 1.
	3		2

Rate =		100 x 1	%	= 100 = 9 1 %. 11 11
		22 x 3 3 2