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The banker's gain on a bill due 1 year hence at 5% is Re. 1. The true discount is?

₹ 15
₹ 20
₹ 25
₹ 5

Correct Answer: ₹ 20

Explanation:

T.D. = (B.G x 100) / (R x T)
= (1 x 100) / (5 x 1)
= ₹ 20

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