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Banker's Discount

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  1. The banker's discount on a bill due 6 months hence at 6% is Rs. 37.08. Find the true discount ?
    1. Rs. 38
    2. Rs. 32
    3. Rs. 36
    4. None of these
Correct Option: C

37.08 = T.D. [1 + 3/100]
∴ T.D. = 3708 / 103 = Rs. 36


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