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The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker's discount and the banker's gain. |
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Answer» T.D. = √(P.W.*B.G) B.G. =(T.D.)2/ P.W. = Rs.[(110 x 110)/ 1100] = Rs. 11. B.D.= (T.D. + B.G.) = Rs. (110 + 11) = Rs. 121. |
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