Bankers Discount Q36

36. 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. 34.38         B.  Rs. 38.98

  C.  Rs. 37               D.  Rs.37.62

Answer:

B.G     = [(T.D)² / P. W]

= Rs. (36 x 36 / 800)

= Rs.1.62

B.D

Given, T.D =36      = (T.D + B.G)

= Rs. (36 + 1.62)

= Rs.37.62.