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If the true discount on a certain sum due 4 months hence at 5% per annum is Rs 300, what is the banker’s discount on the same sum for the same time and at the same rate?

1. If the true discount on a certain sum due 4 months hence at 5% per annum is Rs 300, what is the banker’s discount on the same sum for the same time and at the same rate?

 

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