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Bankers Discount - General Aptitude

Q1:

The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:

A Rs. 20

B Rs. 24

C Rs. 16

D Rs. 12

ANS:C - Rs. 16

B.G. = (T.D.)2 = Rs. 160 x 160 = Rs. 16.
P.W. 1600