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If the true discount on a certain sum due 6 months hence at 16% per annum is Rs 400, what is the banker’s discount on the same sum for the same time and at the same rate?

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Question 1 of 1

If the true discount on a certain sum due 6 months hence at 16% per annum is Rs 400, what is the banker’s discount on the same sum for the same time and at the same rate?
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