The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?	Choose the correct choice.
A) Rs. 200 B) Rs. 100 C) Rs. 150 D) Rs. 250 E) None of these
Explanation :   TD = (BG ×100)/TR = (20×100)/(1×10) = Rs. 200 Rs. 200nswer : Option Rs. 200
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The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?