Banker's Discount Practice Test 1

Question : 33 of 40

Marks: +1, -0

The banker's gain on a bill due 1 year hence at 12% p.a. is Rs. 6. Find the true discount.

Solution:

T.D. =

{B.G. ×100}/{R× T}

= {6 ×100}/{12× 1}

= Rs. 50

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