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

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The banker's discount on a bill due 4 months hence at 15% is Rs. 420. What is the true discount ?
posted Dec 30, 2015 by Aarati Mahajan

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1 Answer

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TD=420*100/(100+15*4/12)=400 Rs

answer Sep 14 by Hanifa Mammadov
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