The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker’s discount is:
Answer: A
BG = Rs. 360 T = 3 years R = 12% TD = BG * 100/TR = (360*100)/(3*12) = Rs. 1000 => BD = BG + TD = 360 + 1000 = Rs. 1360