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The banker's discount on Rs 3200 at 6% is the same as the true discount on Rs 3248 for the same time and at.............

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The banker's discount on Rs 3200 at 6% is the same as the true discount on Rs 3248 for the same time and at the same rate.
What is time?

posted Aug 23, 2016 by Manish Tiwari

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1 Answer

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SI on Rs.3200 = TD on Rs. 3248
Therefore 3200 is P.W. of Rs. 3248 => Rs.48 is the SI on Rs. 3200 at 6%
Therefore Time = 100*48 / 3200*6 year = .25 = 1/4 year = 3 months

answer Sep 14, 2018 by Hanifa Mammadov
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