The present worth of a bill due sometime, hence is ₹ 2200 and true discount on the bill is ₹ 220. Find the banker's discount and banker's gain?

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Accepted Answer

Given that, PW = ₹ 2200, TD = ₹ 220 According to the formula, BG = (TD)2/PW = (220 x 220)/2200 = ₹ 22 BD = (TD + BG) = ₹(220 + 22) = ₹ 242

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