Prelims · 8 Mental Ability · 8.3 Percentages and commercial arithmetic

8.3.11 True discount and banker's discount

True discount is the simple interest on the present worth, banker's discount is the simple interest on the full amount, and the banker's gain is the gap between the two.

  • APPSC Group 2 · Prelims
  • Standard level
  • 4 min read
  • Full course

Key terms

  • present worth
  • true discount
  • banker's discount
  • banker's gain
  • bill of exchange
  • face value
  • days of grace
  • discounting a bill

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Common trapsFoundation
  5. Quick revisionFoundation

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