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The banker's discount on a bill due 6 months hence at 6% is Rs. 37.08. The true discount is?

Rs. 6.18
Rs. 12.36
Rs. 48
Rs. 36

Correct Answer: Rs. 36

Explanation:

T.D. = (B.D. X 100) / {100 + (R X T)}
= Rs. (37.08 x 100) / {100 + (6 x 1/2)}
= Rs. 36

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