The banker's gain on a bill due due 1 year hence at 12% per annum is Rs.6. The true discount is
Pick one:
A) Rs.72 B) Rs.36 C) Rs.54 D) Rs.50 E) none
Solution   T.D	= [B.G x 100 / R x T]   = Rs.(6 x 100 / 12 x 1)   = Rs.50.   Answer Rs.50
<result>D</result>
The banker's gain on a bill due due 1 year hence at 12% per annum is Rs.6. The true discount is