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Bankers Discount

Q1:

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

A Rs. 72

B Rs. 36

C Rs. 54

D Rs. 50

ANS:D - Rs. 50

T.D. = B.G. x 100 = Rs. 6 x 100 = Rs. 50.
R x T 12 x 1



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