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Banker's Discount
The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:
Rs. 20
Rs. 24
Rs. 16
Rs. 12
Correct Answer:
Rs. 16
Explanation:
B.G. =
(T.D.)
2
= Rs.
❨
160 x 160
❩
= Rs. 16.
P.W.
1600
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