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The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. Find the banker's gain?

Rs. 1.5
Rs. 2.5
Rs. 4
Rs. 2

Correct Answer: Rs. 2

Explanation:

P.W. = Rs. 1860 - Rs. 60 = Rs. 1800
∴ B.G. = (T.D.)²/P.W. = (60 x 60)/1800 = Rs. 2

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