The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is?

Dec 15th, 2015
Steve1995
Category:
Engineering
Price: $5 USD

Question description

The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is

2.  The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is

3.  The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is

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