Question

The banker's gain on a bill due 3 years hence at 4% per annum is Rs. 90. The true discount is

• A. Rs. 150
• B. Rs. 300
• C. Rs. 450
• D. Rs. 600
• E. Rs. 750

Answer 1

The correct option is E

Rs. 750

T.D = $\frac{B.D\times 100}{R\times T}$

= $\frac{90\times 100}{4\times 3}$

= Rs. 750