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Banker's Discount
The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
Rs. 36
Rs. 72
Rs. 48
Rs. 96
Correct Answer:
Rs. 96
Explanation:
T.D. = √P.W. x B.G. = √576 x 16 = 96.
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