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Question 2. the bankers discount and the true discount of a sum at 10% per annum simple interest for the same time are rs.100 and rs.80 respectively. what is the sum and the time?
- Sum = Rs.400 and Time = 5 years
- Sum = Rs.200 and Time = 2.5 years
- Sum = Rs.400 and Time = 2.5 years
- Sum = Rs.200 and Time = 5 years
Answer: Option C
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