Home » Aptitude » Banker's Discount » Question
  1. If rate of interest and time on a certain bill are numerically equal and true discount is 81 times of banker's gain, find the rate of interest ?
    1. 29/13 %
    2. 12/9 %
    3. 17/9 %
    4. 11/9 %
Correct Option: D

Given that, n = 81
According to the formula.
R = 10√1/n%
= 10√1/81%
= 10 x (1/9) % = 11/9 %



Your comments will be displayed only after manual approval.