Discussion :: Banker's Discount
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The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:
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Answer : Option C
Explanation :
T D. = \( [\frac { B.G. *100 } { R*T } ]\) = Rs.\( [\frac { 270*100 } {1 2*3 } ]\) =Rs.750
B.D. = Rs.(750 + 270) = Rs. 1020.
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