Question

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount
is:

A) 62 B) 58 C) 47 D) 50

Answer 1

Answer:

Option D is the right answer.

Step-by-step explanation:

Let,

$12 \% \: = rs \: 6 \\ 1\% = \frac{6}{12} \times 100 \\ = \frac{1}{2} \times 100 \\ = 50$

Let,

12 % = ₹6 ...... (as above)