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| 1. |
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is: |
| Answer» T.D. = B.D. x 100 100 + (R x T) = Rs. 420 x 100 100 + 15 x 1 3 = Rs. 420 x 100 105 = Rs. 400. | |