The banker's discount and the true discount on a sum of money due 8 mo – McqOptions

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1.	The banker's discount and the true discount on a sum of money due 8 months hence are Rs. 52 and Rs. 50, respectively. Find the sum and the rate percent ?
A.	Rs. 1300, 6%
B.	Rs. 1200, 5%
C.	Rs. 1500, 8%
D.	None of these
Answer» B. Rs. 1200, 5%

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