The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 612. What is the banker's discount?
Choose the correct choice from the following choices.
A) 1240 B) 1120 C) 1190 D) 1462 E) None of these
Explanation :   TD = (BG ×100)/TR = (612×100)/(6×12) = Rs. 850   BG = B1462 – T1462   =&gt; 612 = B1462 - 850   =&gt; B1462 = 612 + 850= 
<gadget id="calculator">612 + 850</gadget>
<output>1_462</output>
1462 Answer : Option 1462
<result>D</result>
The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 612. What is the banker's discount?