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The bankers gain on a sum due 3 years hence at 12% per annum is Rs. 270. The bankers discount is:

Rs. 960
Rs. 840
Rs. 1020
Rs. 760
Explanation:
T.D. =$ \left(\dfrac{B.G. \times 100}{R \times T} \right) $= Rs.$ \left(\dfrac{270 \times 100}{12 \times 3} \right) $= Rs. 750.

$\therefore$ B.D. = Rs.(750 + 270) = Rs. 1020.

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