Question

The bankers discount and true discount on a certain sum of money due to 4 months hence are rs.515 & rs.500 the rate of interest is:

Answer 1

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★ Find the banker's discount and the banker's gain ... If the true discount on a certain sum due 6 months hence at 15% is Rs. 120. ... A bill for Rs. 6000 in drawn on July 14 at 5 months.

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Answer 2

Answer:

Refer to the attachment