The banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true – OfficerPath

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MCQ Practice

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

Subject: MathematicsTopic: Bankers Discount

A

Rs. 72

B

Rs. 36

C

Rs. 54

D

Rs. 50

Correct Answer: D

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