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The banker's discount on a bill due 15 months hence at 6% is Rs. 2170. What is the true discount?

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The banker's discount on a bill due 15 months hence at 6% is Rs. 2170. What is the true discount?
posted Nov 30, 2018 by Samardeep Acharya

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1 Answer

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Discount for 15 months is 6%
Hence for 12 months it will be
12 /15*6=4.8%
Total discount will be
0.8*2170=1736

answer Nov 30, 2018 by Subhash Gupta
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