The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is:
Choices:
A) Rs. 1360
B) Rs. 1000
C) Rs. 360
D) Rs. 640
E) None of these
Explanation :   BG = Rs. 360   T = 3 years   R = 12%   TD = (BG ×100)/TR = (360×100)/(3×12) = Rs. 1000   BG = BD – TD   =&gt; BD = BG + TD = 360 + 1000 = Rs. 1360 Rs. 1360nswer : Option Rs. 1360
<result>A</result>
The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker's discount is: