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The present worth (PW) of a sum due sometimes hence is Rs. 5760 and the banker's gain is Rs. 10. What is the true discount?

Correct Answer: Rs. 240

Explanation:

As per given question,
Present worth PW = 5760
Banker gain = 10
True Discount = ?
As we know the formula,
True Discount = √PW × BG
True Discount = √Present Worth × Banker's gain
True Discount = √5760 × 10 = √57600 = Rs. 240


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