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Question

The banker's gain on a bill due 3 years hence at 4% per annum is Rs. 90. The true discount is


  1. Rs. 150

  2. Rs. 300

  3. Rs. 450

  4. Rs. 600

  5. Rs. 750


Solution

The correct option is E

Rs. 750


T.D = B.D×100R×T

= 90×1004×3

= Rs. 750

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