The present worth of a sum due sometime hence is Rs. 576 and the banker’s gain is Rs. 16. The true discount is:
- (A) Rs. 36
- (B) Rs. 72
- (C) Rs. 48
- (D) Rs. 96
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The true discount on a bill of Rs. 540 is Rs. 90. The banker’s discount is:
- (A) Rs. 60
- (B) Rs. 108
- (C) Rs. 110
- (D) Rs. 112
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The banker’s discount on a certain sum due 2 years hence is 11/10 of the true discount. The rate percent is:
- (A) 11%
- (B) 10%
- (C) 5%
- (D) 5.5%
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