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📄 bankerconcept.html

📁 aptitude book by r s aggarwal
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<html><table height="500" width="1000" border="2"><TR height="5" width="1000"><strong><center><h2>APTITUDE</h2></center></strong></TR><TR><TD align="left" width="200" valign="top"><table><TR><a href="numbers.html"><strong>Numbers</strong></a></TR><br><TR><a href="hcf.html"><strong>H.C.F and L.C.M</strong></a></TR><br><TR><a href="dec.html"><strong>Decimal Fractions</strong></a></TR><br><TR><a href="simplification.html"><strong>Simplification</strong></a></TR><br><TR><a href="squareandcuberoot.html"><strong>Square and Cube roots</strong></a></TR><br><TR><a href="average.html" ><strong>Average</strong></a></TR><br><TR><a href="numbers.html" ><strong>Problems on Numbers</strong></a></TR><br><TR><a href="problemsonages.html"><strong>Problems on Ages</strong></a></TR><br><TR><a href="surdsandindices.html"><strong>Surds and Indices</strong></a></TR><br><TR><a href="percent.html"><strong>Percentage</strong></a></TR><br><TR><a href="profitandloss.html"><strong>Profit and Loss</strong></a></TR><br><TR><a href="ratioandproportion.html"><strong>Ratio And Proportions</strong></a></TR><br><TR><a href="partnership.html"><strong>Partnership</strong></a></TR><br><TR><a href="chainrule1.html"><strong>Chain Rule</strong></a></TR><br><TR><a href="timeandwork.html"><strong>Time and Work</strong></a></TR><br><TR><a href="pipesandcisterns.html"><strong>Pipes and Cisterns</strong></a></TR><br><TR><a href="timeanddistance.html"><strong>Time and Distance</strong></a></TR><br><TR><a href="trains.html"><strong>Trains</strong></a></TR><br><TR><a href="boats.html"><strong>Boats and Streams</strong></a></TR><br><TR><a href="alligation.html"><strong>Alligation or Mixture </strong></a></TR><br><TR><a href="simple.html"><strong>Simple Interest</strong></a></TR><br><TR><a href="CI.html"><strong>Compound Interest</strong></a></TR><br><TR><a href=""><strong>Logorithms</strong></a></TR><br><TR><a href="areas.html"><strong>Areas</strong></a></TR><br><TR><a href="volume.html"><strong>Volume and Surface area</strong></a></TR><br><TR><a href="races.html"><strong>Races and Games of Skill</strong></a></TR><br><TR><a href="calendar.html"><strong>Calendar</strong></a></TR><br><TR><a href="clocks.html"><strong>Clocks</strong></a></TR><br><TR><a href=""><strong>Stocks ans Shares</strong></a></TR><br><TR><a href="true.html"><strong>True Discount</strong></a></TR><br><TR><a href="banker1.html"><strong>Bankers Discount</strong></a></TR><br><TR><a href="oddseries.html"><strong>Oddmanout and Series</strong></a></TR><br><TR><a href=""><strong>Data Interpretation</strong></a></TR><br><TR><a href="probability.html"><strong>probability</strong></a></TR><br><TR><a href="percom1.html" ><strong>Permutations and Combinations</strong></a></TR><br><TR><a href="pinkivijji_puzzles.html"><strong>Puzzles</strong></a></TR></table></TD><TD valign="top"><a href="banker1.html" target="right"><strong>BACK</strong></a><br><br><font size="5"><center><b><u>CONCEPT</u></b></center></font><font size="4"><pre>-> Suppose a merchant A buys goods worth Rs.10000 from another       merchant B at a credit of say 5 months-> Then,B prepares a bill , called the bill of exchange -> A signs this bill & allows B to withdraw the amount from his bank      account after exactly 5 months,the date exactly after 5 months is called   Nominally due date-> Three days (grace days) are added to it get a date known as legally due    date-> Suppose B wants to have money before legally due date then he can have    the money from banker or a broker who deducts S.I on the face value    (i.e., 10000) for the period from the date on which the bill was     discounted (i.e paied by the banker) & the legally due date this amount   is known as Bankers Discount-> Thus , B.D is the S.I on the face for the period from the date on which    the bill was discounted and the legally due date-> Bankers Gain (B.G) = (B.D) 鈥

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