The banker's gain on a bill due 1 year 4 months hence at 71/2% per ann – McqOptions

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1.	The banker's gain on a bill due 1 year 4 months hence at 7¹/₂% per annum simple interest is Rs. 16. Find the sum ?
A.	Rs. 1760
B.	Rs. 1560
C.	Rs. 1660
D.	Rs. 1860
Answer» B. Rs. 1560

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