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Arithmetic Aptitude :: Banker's Discount

2. The banker's gain on a bill due 2 year hence at 10% per annum is Rs. 8. The true discount is:

Answer: Option B

Explanation :

True Discount = (B.G*100)/(Rate*Time)
T.D = (8*100)/(10*2)
= 8*5 = Rs. 40

Asked In :: Accenture

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