Arithmetic Aptitude :: Banker's Discount
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The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
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The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
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The banker's discount on a certain sum due 2 years hence is \(\frac { 11 } { 10 }\)of the true discount .The rate percent is:
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S.I. on Rs. 450 = Rs. 90.