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The banker's discount on a bill due 8 months hence at 11% is Rs 4700. What is the true discount?

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The banker's discount on a bill due 8 months hence at 11% is Rs 4700. What is the true discount?
posted Jun 22, 2018 by Pardeep Kohli

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1 Answer

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TD=4700*100/(100+11*8/12)=4378.90 Rs

answer Sep 14, 2018 by Hanifa Mammadov
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