Question:
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
Rs. 36
Rs. 54
Rs. 50
The banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
[A].
[B].
[C].
[D].
Answer: Option D
Explanation:
| T.D. = | B.G. x 100 | = Rs. | 6 x 100 | = Rs. 50. | ||
| R x T | 12 x 1 |