A bill for Rs. 6000 is drawn on July 14 at 5 months. It is discounted on 5th Oct

Question

A bill for Rs. 6000 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the banker's discount, true discount, banker's gain and the money that the holder of the bill receives.

Options:

A . 4390

B . 6580

C . 5880

D . 5350

Answer: Option C

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