Multiple Choice Questions on The banker rsquo s discount on Rs 1600 at 6 is the same as the true discount on Rs 1624 for the same........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The banker rsquo s discount on Rs 1600 at 6 is the same as the true discount on Rs 1624 for the same...........

Quantitative Aptitude ( CCS) Simple Interest
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    The banker’s discount on Rs. 1600 at 6% is the same as the true discount on Rs. 1624 for the same time and at the same rate. Then, the time is

    3 months

    Incorrect Answer

    4 months

    Correct Answer

    6 months

    Incorrect Answer

    8 months

    Incorrect Answer
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    Explanation:
    S.I. on Rs. 1600 = T.D. on Rs. 1680.
    Rs. 1600 is the P.W. of Rs. 1680, i.e., Rs. 80 is on Rs. 1600 at 15%.
    Time =(100 x 80)/(1600x15)year =1/3year = 4 months.

    By: MIRZA SADDAM HUSSAIN
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