1.  The banker's gain on a sum due 3 years hence at 12% per annum is ₹ 270. The banker's discount is:
A. ₹ 960
B. ₹ 840
C. ₹ 1020
D. ₹ 760

Answer: Option C

Explanation:

T.D. = B.G. x 100 = ₹ 270 x 100 = ₹ 750.
R x T 12 x 3

B.D. = ₹ (750 + 270) = ₹ 1020.