Banker's Discount - Arithmetic Aptitude Questions and Answers

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The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

Rs. 72

Rs. 36

Rs. 54

Rs. 50

Answer : Option D

Explanation :

T.D. = \(\frac { B.G *100 } { R*T } \) = Rs. [ \(\frac { 6*100 } {1 2 *1} ]\) = Rs.50

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