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Q:

The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs.

16. The true discount is:

A) 78 B) 96
C) 105 D) 85

Answer:   B) 96



Explanation:

T.D. = P.W. x B.G. = 576 x 16 = 96.

Subject: Banker's Discount
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Q:

If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?

A) 50 B) 129
C) 100 D) 160
 
Answer & Explanation Answer: B) 129

Explanation:

B.G. = S.I. on T.D.

          = Rs.(120 x 15 x 1/2 x 1/100)

  = Rs. 9.

(B.D.) - (T.D.) = Rs. 9.

 

B.D. = Rs. (120 + 9) = Rs. 129.

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