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

1.

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

[A].	Rs. 72
[B].	Rs. 36
[C].	Rs. 54
[D].	Rs. 50

Answer: Option D

Explanation:

T.D. =	B.G. x 100	= Rs.		6 x 100		= Rs. 50.
	R x T			12 x 1

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