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Banker's Discount
The present worth of a sum due some times hence is Rs. 576 and the banker's gain is Re. 1. The true discount is?
Rs. 16
Rs. 18
Rs. 24
Rs. 32
Correct Answer:
Rs. 24
Explanation:
T.D. √
(P.W. x B.G. )
= √
(576 x 1)
= Rs. 24
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