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Computer Science
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Banker's Discount
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
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Correct Answer:
Rs. 36
Explanation:
37.08 = T.D. [1 + 3/100]
∴ T.D. = 3708 / 103 = Rs. 36
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