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Maths Puzzle
What is the difference between the banker's discount and the true discount on Rs.8100 for 3 months at 5%
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The banker's discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate per cent?
The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?