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The bankers discount and true discount on a sum of money due 8 months hence are Rs.120 & Rs.110 resp. Find the sum.

1457
1320
1140
1260

Correct Answer: 1320

Explanation:

Sum = (B.D * T.D) / (B.D) -(T.D)

= (120 * 110) / (120 -110)

= 1320

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