Quantitative Aptitude :: Bankers Discount - Discussion
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The banker's gain on a bill due 2 year hence at 10% per annum is Rs. 8. The true discount is:
ARs. 44
BRs. 40
CRs. 34
DNone of these
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true discount=(banker's discount*100)/(R*T)
= Rs.(8*100)/(10*2)
= Rs. 40.
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