Discount Notes, Tricks, tips & Question
In this section, we will study about the “discount(डिस्काउंट), mean that छूट ”. It is important for the IBPS bank exam and others. You can read some terms and formulas related to this. This topic is asked in both exam Pre exam and Main Exam.Applicant must check that how to solve questions with explanation. Candidate must have downloaded these notes in PDF format.
It is defined as the sum of present worth (PW) and the true discount (TD). Interest is reckoned on P.W. and a true discount is reckoned on the amount.
It is on the face value for the period from the date on which the bill was discounted and the legally due date.
Let rate =R% per year and Time=T years then
- BD=BG+TD where BG=Banker’s gain.