The banker's gain on a bill due due 1 year hence at 12% per annum is Rs.8.4. The true discount is	Answers.
A) Rs.70 B) Rs.36 C) Rs.54 D) Rs.50 E) none
Solution   T.D	= [B.G x 100 / R x T]   = Rs.(8.4 x 100 / 12 x 1)   = Rs.70.   Rs.70nswer Rs.70
<result>A</result>
The banker's gain on a bill due due 1 year hence at 12% per annum is Rs.8.4. The true discount is