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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? |
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Answer» 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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