Banker's Discount Practice Test 2

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Question : 15 of 40

Marks: +1, -0

If the true discount on a certain sum due 3 years hence at 4% is Rs 300, what is the banker’s gain on the same sum for the same time and at the same rate?

Rs 35.20
Rs 30.80
Rs 50.00
Rs 36
None of these

Solution:

Banker’s Gain

={\True\Discount× \Rate ×\Time}/100

=300×4×3×1/100=36

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