The banker’s discount on Rs. 1600 at 15% per annum is the same as true discount – OfficerPath

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MCQ Practice

The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

Subject: MathematicsTopic: Bankers Discount

A

3 months

B

4 months

C

6 months

D

8 months

Correct Answer: B

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