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The banker's discount on a bill due 6 months hence at 6% is Rs. 37.08. Find the true discount?

Rs. 38
Rs. 32
Rs. 36
None of these

Correct Answer: Rs. 36

Explanation:

37.08 = T.D. [1 + 3/100]
∴ T.D. = 3708 / 103 = Rs. 36

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