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The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:

Correct Answer: Rs. 37.62

Explanation:


B.G. = (T.D.)2 = Rs. 36 x 36 = Rs. 1.62
P.W. 800


∴ B.D. = (T.D. + B.G.) = Rs. (36 + 1.62) = Rs. 37.62


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