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The banker's gain on a bill due 1 year hence at...

This question belongs to Arithmetic Ability Bankers Discount
Bankers Discount
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The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

Answer & Solution
Correct Answer: Option D
$$\eqalign{ & T.D. = \frac{{B.G. \times 100}}{{R \times T}} \cr & = Rs.\,\left( {\frac{{6 \times 100}}{{12 \times 1}}} \right) \cr & = Rs.\,50 \cr} $$
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