The banker’s gain on a bill due 2 years hence at 10% per annum is Rs.10. What is the true discount?
A. Rs. 20
B. Rs. 30
C. Rs. 40
D. Rs. 50
Answer: Option D
Solution (By Examveda Team)
$$\eqalign{ & T.D. = \frac{{B.G. \times 100}}{{R \times T}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{10 \times 100}}{{10 \times 2}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,50 \cr} $$This Question Belongs to Arithmetic Ability >> Bankers Discount
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