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Banker's Discount
The present worth of a certain due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is?
Rs. 10
Rs. 16
Rs. 20
Rs. 24
Correct Answer:
Rs. 16
Explanation:
B.G. = (T.D.)
2
/ P.W.
= Rs. (160 x 160) / 1600
= Rs. 16
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