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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:

1315
1150
1020
980

Correct Answer: 1020

Explanation:

T.D. =(B.G*100)/(R*T)=Rs(270*100)/(12*3) = Rs. 750.

B.D. = Rs.(750 + 270) = Rs. 1020.

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