Exercises · Q9
Q.The true discount on a bill is ₹90 and the banker's gain is ₹10. Find
(i) the present value,
(ii) the face value and
(iii) the banker's discount.
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✓ Free question
Given and .
- Present value — from , rearranged:
- Face value:
- Banker's discount:
Cross-check (independent). Verify the banker's discount a second way: , which agrees.✓Final answer
(i) ₹810; (ii) ₹900; (iii) ₹100.
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