The banker's gain on a bill due due 1 year hence at 12% per annum is Rs.6.6. The true discount is
Choose the correct option.
A) Rs.72	B) Rs.36	C) Rs.55	D) Rs.50	E) none
Solution   T.D	= [B.G x 100 / R x T]   = Rs.(6.6 x 100 / 12 x 1)   = Rs.55.   Answer Rs.55
<result>C</result>
The banker's gain on a bill due due 1 year hence at 12% per annum is Rs.6.6. The true discount is