The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker's discount? Choose the correct choice from the following answers.
A) 1240	B) 1120	C) 1190	D) 1290	E) None of these
Explanation :   TD = (BG ×100)/TR = (540×100)/(6×12) = (90×100)/12 = (15×100)2/ = Rs. 750   BG = B1290 – T1290   =&gt; 540 = B1290 - 750   =&gt; B1290 = 540 + 750= 
<gadget id="calculator">540 + 750</gadget>
<output>1_290</output>
1290 Answer : Option 1290
<result>D</result>
The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker's discount?