Arithmatical - Banker’s Discount
Important Facts and Formulae
Banker’s Gain (B.G.) = (B.D.) - (T.D.) for the unexpired time. |
1. | B.D. = S.I. on bill for unexpired time. |
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2. | B.G. = (B.D.) - (T.D.) = S.I. on T.D. = (T.D.)²/P.W. |
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3. | T.D. = √P.W.x B.G |
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4. | B.D = | Amount X Rate X Time/100 |
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5. | T.D = | Amount X Rate X Time / 100 + (Rate X Time) |
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6. | Amount = | B.D x T.D. / B.D. - T.D. |
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7. | T.D = | B.G x 100 / Rate X Time |
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