discount and consection type questions in bank exams

the true discount on Rs. 2562 due 4 months hence is Rs. 122. the rate percent is: (a) 12% (b) 15% (c) 18% (d) 20%

• Sunil
• 1511 Views
• 1 Answers

• amt=present worth + true discountbr /br /pw=amt-tdbr /2562-122br /pw=2440br /br /TIME=4MONTHS/12=1/3br /br /SI=PTR/100br /br /PTR=SI*100br /br /R=(SI*100)/PTbr /br /R=(122*100)/2440*1/3br /R=15%

  • Shruti
  • 03 Apr
  • 0 Comment

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