The banker's gain on a bill due due 1 year hence at 12% per annum is Rs.7.8. The true discount is
Choose the correct option: A) Rs.72 B) Rs.65 C) Rs.54 D) Rs.50 E) none
Solution   T.D	= [B.G x 100 / R x T]   = Rs.(7.8 x 100 / 12 x 1)   = Rs.65.   Answer Rs.65
<result>B</result>
The banker's gain on a bill due due 1 year hence at 12% per annum is Rs.7.8. The true discount is