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Discussion

The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker’s discount is ?

  • A.Rs. 250
  • B.Rs. 700
  • C.Rs. 750
  • D.Rs. 550

Answer: C

T.D. = [B.G. * 100 / R * T] = Rs. [270 * 100 / 12 * 3] = Rs. 750

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