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The present worth of a certain bill due sometime hence is Rs 800 and the true discount is Rs 36. The bankers discount is (a) Rs 37 (b) Rs 37.62 (c) Rs 34.38 (d) Rs 38.98

A

Rs. 37

B

Rs.34.38

C

Rs.37.62

D

Rs.38.98

Text Solution

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The correct Answer is:
C
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