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Banker's Discount

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  1. The present worth of a sum due sometimes hence is Rs. 576 and the banker's gain is Re. 1. The true discount is ?
    1. Rs. 16
    2. Rs. 18
    3. Rs. 24
    4. Rs. 32
Correct Option: C

T.D. = √(P.W.) X {(B.G.)
= √(576 x 1) = Rs. 24


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