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Q: 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

Answer and Explanation

Answer:Rs 50

Explanation:
TD = (BG * 100) / ( R * T) = Rs (6 * 100) / ( 12 * 1) = Rs 50

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