Question

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

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Answer: (d).Rs. 50

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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:

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