The banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
Correct answer D. Rs. 50
Tip: press A, B, C or D to answer, and N for the next question.
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More Banker's Discount questions
See allThe present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker’s discount is:
Correct answer B. Rs. 37.62
The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker’s gain is:
Correct answer C. Rs. 16
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The banker’s discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:
Correct answer A. Rs. 360
The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker’s discount is:
Correct answer C. Rs. 1020
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