The banker’s gain on a sum due 2 years hence at 15% per annum simple interest is Rs 60. The true discount on the same sum at the same rate and time is Options: A . &nbspRs 100 B . &nbspRs 150 C . &nbspRs 200 D . &nbspRs 250

The banker’s gain on a sum due 2 years hence at 15% per annum simple in

Question

The banker’s gain on a sum due 2 years hence at 15% per annum simple interest is Rs 60. The true discount on the same sum at the same rate and time is

Options:

A . Rs 100

B . Rs 150

C . Rs 200

D . Rs 250

Answer: Option C

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