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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:

Correct Answer: Rs. 1020

Explanation:


T.D. = B.G. x 100 = Rs. 270 x 100 = Rs. 750.
R x T 12 x 3


∴ B.D. = Rs.(750 + 270) = Rs. 1020.


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