The banker s discount and the true discount on a sum of money due 8 months hence are rs. 120 and rs. 110 respectively. Find the sum and the rate percent.
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The bankers discount on Rs 1800 at 12% per annum is equal to the true discount on Rs 1872 for the same time at the same rate. Find the time. The bankers discount and the true discount on a sum of money due 8 months hence are Rs 120 and Rs 110 respectively.
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