The banker’s gain on a sum due 3 years hence at 12% per

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The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker’s discount is:

1. Rs. 1360
2. Rs. 1000
3. Rs. 360
4. Rs. 640

Correct Option: A

Given that :- Banker's Gain = Rs. 360 , T = 3 years and R = 12%

True Discount =	Banker's Gain × 100
	Time x Rate

True Discount =	360 × 100
	3 x 12

True Discount = 10 x 100 = Rs. 1000
∴ Banker’s Gain = Banker’s discount - True Discount
⇒ Banker’s discount = Banker’s Gain + True Discount = 360 + 1000 = Rs. 1360
Hence , Banker’s discount is Rs. 1360 .